Accor: Oddo provides estimates for Q1 2019

(CercleFinance.com) - Oddo expects Q1 2019 RevPAR to increase by 2.
3%, under the consensus, which is looking for 2.8%.
Accor will publish its quarterly results after trading on Thursday 18 April.

Oddo says that it is maintaining its forecast for 3.1% growth in FY 19e RevPar, adding that it is also leaving its 2019e EBITDA estimate unchanged at 800 million euros (against the consensus of 807 million euros).

The broker maintains its "Buy" rating on the stock, along with its target price of 48.0 euros. The share's current price gives it a discount of 12% compared to US peers, and more specifically a discount of 29% for the comparable Hotel Services hotel division, Oddo says.



Copyright (c) 2019 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.