Elis: stock shines on broker comments

(CercleFinance.com) - Elis shares are up nearly 4%, following favourable comments from Bank of America, which added the industrial laundry group's stock to its "SMID Cap Europe Best Ideas" list with a new target price of E23.


The broker points out that the stock is trading at 25% to 30% below mid-cycle multiples "despite... strong near-term momentum and positive EPS revisions (we are 5-8% above cons.); 2) better organic growth in the mid-term".


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.