Carrefour: UBS cuts its target price
(CercleFinance.com) - While maintaining its "neutral" recommendation on Carrefour shares, UBS has lowered its target price for them from E17 to E15.
3 - leaving 7% upside potential for the stock - as the broker sees H1 results as unlikely to be a turning point.
At the current price, the share has a 2024 P/E of around 8 times, giving a yield of over 5%.
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.
3 - leaving 7% upside potential for the stock - as the broker sees H1 results as unlikely to be a turning point.
At the current price, the share has a 2024 P/E of around 8 times, giving a yield of over 5%.
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.