Virbac: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF has confirmed its 'outperform' rating on Virbac shares, raising its target price for them from E385 to E414, after a trading update by the animal health group, which showed that all product categories and geographies are strong.
Once again, the figures are not a complete surprise, but their quality is real. The stock is included in our European Midcaps list. Virbac is, in our opinion, a defensive stock in an unpromising environment in France, the analyst says.
Oddo BHF has raised its target price for the stock, based on lower WACC of 9%, and after upgrading its guidance sequence modified last week with the guidance upgrade, underlying market growth and the group's competitiveness.
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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.
Once again, the figures are not a complete surprise, but their quality is real. The stock is included in our European Midcaps list. Virbac is, in our opinion, a defensive stock in an unpromising environment in France, the analyst says.
Oddo BHF has raised its target price for the stock, based on lower WACC of 9%, and after upgrading its guidance sequence modified last week with the guidance upgrade, underlying market growth and the group's competitiveness.
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.