LDC: Oddo BHF still buying following quarterly sales
(CercleFinance.com) - Oddo BHF is maintaining its 'outperform' rating on and E178 target price for LDC shares, following the food group's announcement of quarterly sales broadly in line with expectations.
According to analysts, LDC still has room to adapt and support volumes while maintaining margins at satisfactory levels, and its fundamentals remain solid in the face of uncertainties linked to developments in the geopolitical context in France.
We believe that the recent fall in the share price is an opportunity to position or strengthen our position in this defensive sector, the analyst adds, citing an 18% discount to 10-year historical levels.
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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.
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.
According to analysts, LDC still has room to adapt and support volumes while maintaining margins at satisfactory levels, and its fundamentals remain solid in the face of uncertainties linked to developments in the geopolitical context in France.
We believe that the recent fall in the share price is an opportunity to position or strengthen our position in this defensive sector, the analyst adds, citing an 18% discount to 10-year historical levels.
Copyright (c) 2024 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.
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.