Bic: UBS on hold, cuts target price
(CercleFinance.com) - While maintaining its "neutral" rating on Bic shares, UBS has lowered its target price for them from E67 to E62, a new TP that implies 8% upside potential for the stock of the manufacturer of disposable pens, lighters and shavers.
The broker forecasts Q2 organic sales growth of 2% and an adjusted EBIT margin of 16.2% (-30bp y-o-y), which puts its estimate for quarterly profit 2% below the consensus.
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 broker forecasts Q2 organic sales growth of 2% and an adjusted EBIT margin of 16.2% (-30bp y-o-y), which puts its estimate for quarterly profit 2% below the consensus.
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.