Spie: Oddo BHF raises TP

(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on Spie shares, having raised its target price for them from E38 to E40.
5 (cp: E35.2, -0.5%), ahead of its Q1 sales on 25 April, which it expects will grow by 7.6%, including +4.3% on a comparable basis.

In the end, this publication should confirm the continuation of relatively sustained growth and good visibility for the year as a whole, given the trends linked to the energy transition in Europe (sales and margins), the analyst believes.

After a year 2023 that was rich in external growth operations, the beginning of the year has been dynamic (E256m in sales acquired) and the broker understands that the M&A pipeline remains dense, it adds.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.