Eiffage: UBS still a buyer after APRR sales figures
(CercleFinance.com) - The analyst highlights the solid performance of APRR sales in Q2.
Following this announcement, he confirms a Buy rating on the stock, with a target price of E145, i.e. 56% upside potential at current levels.
"APRR outperforms Q2 revenue estimates with revenues up 4% y/y" UBS said.
APRR's consolidated sales excluding Construction amounted to E789.0m in Q2 2024, compared with E759.0m in Q2 2023, up 4.0% (+15.5% for Aliaé (A79)). Total traffic in Q2 2024 was down 1.0% y-o-y; both for passenger cars and trucks.
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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.
Following this announcement, he confirms a Buy rating on the stock, with a target price of E145, i.e. 56% upside potential at current levels.
"APRR outperforms Q2 revenue estimates with revenues up 4% y/y" UBS said.
APRR's consolidated sales excluding Construction amounted to E789.0m in Q2 2024, compared with E759.0m in Q2 2023, up 4.0% (+15.5% for Aliaé (A79)). Total traffic in Q2 2024 was down 1.0% y-o-y; both for passenger cars and trucks.
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.