Orpea: defensive growth hailed by Portzamparc
(CercleFinance.com) - Broker Portzamparc, a specialist in Parisian "smidcaps," this morning confirms its buy rating on the share of nursing home manager, which analysts say still offers always the strongest embedded growth in its sector.
The broker has a target price of 125 euros for the share (upside potential of about 7%).
After reporting 2018 sales of 3.4 billion euros, analysts expect them to reach 4 billion euros in 2020.
In a context of over-riding economic and commercial uncertainties, Orpea's business model, which is based on premiumisation, geographical diversification and a proactive debt management policy (long, hedged and backed by quality assets), represents real security, the broker appreciates in its comments.
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