Trigano: Oddo BHF still a buyer after annual results

(CercleFinance.com) - Oddo BHF reiterates its "outperform" rating on Trigano shares, maintaining its target price of E175 for them, after the leisure vehicle manufacturer announced better-than-expected annual results, with good sales growth expected for 2024.


In all, the group has a number of strengths, including a reassuring order book for business growth in 2024. The stock's current valuation implicitly reflects a downward revision of 2024 OP by at least 30%, which is too pessimistic, it believes.

The broker also notes that the process of acquiring Bénéteau's Mobil Home business is progressing well, and could be completed by February 2024 (although visibility is low).


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