Accueil > Actualité
Actualite financiere : Actualite bourse

Seb: Oddo downgrades stock, cuts TP

(CercleFinance.com) - Oddo has downgraded its rating on the household electrical appliance maker Seb's shares from "outperform" to "neutral", having reduced its corresponding target price from 159 euros to 134 euros.


The broker said that Seb's Q1 sales inched up just 0.4% LFL (to 1915 million euros), despite 10.9% growth in China.

For Q2, the company's message is "more cautious" with a slight LFL decline in April, Oddo notes, which emphasises the "high volatility" of activity from one week to the next.

Analysts estimates were based on sales growth of +5% (i.e. close to the consensus of +4.2% before the publication of Q1 sales) with an increase in business in China reaching +5% (+7% for the consensus), which analysts say seems to be a bit optimistic, expressing legitimate concerns about Seb's exposure to China.


Copyright (c) 2022 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.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.