Accueil > Actualité
Actualite financiere : Actualite bourse

Elis: Berenberg increases TP further

( - On Thursday, Berenberg confirmed its buy recommendation on Elis shares, while raising its target price for the stock again, from E24.
5 to E26.

The analyst believes that the industrial laundry group is heading for another year of profitable growth this year, with organic growth expected to be around 5%, accompanied by an increase in margins.

The broker says that there is good visibility regarding these prospects, as the hygiene specialist reiterated this week from Madrid, where Berenberg is currently holding a seminar.

The analyst adds that Q1 sales, as announced last week, confirmed that the group was well on track to achieving its annual targets.

More generally, Berenberg says that it appreciates the stock for its defensive characteristics and its resistance to economic ups and downs.

In view of the quality on offer, it believes that the stock is still too cheap, even after its rise of around 20% since the start of the year, the broker concludes.

Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.