Vinci: Jefferies still a buyer after roadshow

(CercleFinance.com) - Jefferies maintains its "buy" rating on Vinci shares, along with its target price of E130, following a roadshow with the French construction and concessions group's management which was particularly aimed at US and Canadian investors.


"The company is exposed to the structural growth trends of the energy transition and consumer mobility, and we continue to see the portfolio as well placed", the broker believes.

"On long-term leverage lows, and a 2024e valuation of 8% FCF yield and 7x EV/EBITDA, the shares screen as attractive," it adds in its summary.


Copyright (c) 2023 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.