Compagnie des Alpes: Oddo BHF still a buyer, raises TP
(CercleFinance.com) - Oddo BHF reiterates its "outperform" rating on Compagnie des Alpes shares, nudging up its target price for them from E18.
5 to E19 (cp about E14.8; +1%), stressing that momentum remains good for the group, despite inflation, in light of its publication the previous evening.
Q3 attendance seems to be very dynamic in leisure parks, especially as pricing power seen in ski areas over the winter will also be substantial in parks this summer, the analyst says.
Even though the share's recent performance is respectable, analysts believe that the stock's discount relative to its historical multiples still seems excessive, they continue, also noting a very proactive tone in terms of M&A and believing that the stock's yield should remain attractive.
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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.
5 to E19 (cp about E14.8; +1%), stressing that momentum remains good for the group, despite inflation, in light of its publication the previous evening.
Q3 attendance seems to be very dynamic in leisure parks, especially as pricing power seen in ski areas over the winter will also be substantial in parks this summer, the analyst says.
Even though the share's recent performance is respectable, analysts believe that the stock's discount relative to its historical multiples still seems excessive, they continue, also noting a very proactive tone in terms of M&A and believing that the stock's yield should remain attractive.
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.