TUI: Oddo BHF still buying after results
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on TUI AG shares, with an unchanged target price of E9.
2, judging the Q3 results that were published this morning as being well-balanced and ahead of expectations.
The group posted quarterly revenues (to end June) of E5.79bn, compared with Oddo BHF's target of E5.65bn.
Bookings for the crucial summer period are still growing, showing no signs of slowing down, despite apprehensions linked to the global context that has weighed on the sector in recent weeks, the analyst says.
The broker believes that the stock's valuation remains well below historical norms (2025e P/E at 3.4x, against a pre-Covid historical average of 6.0x).
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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.
2, judging the Q3 results that were published this morning as being well-balanced and ahead of expectations.
The group posted quarterly revenues (to end June) of E5.79bn, compared with Oddo BHF's target of E5.65bn.
Bookings for the crucial summer period are still growing, showing no signs of slowing down, despite apprehensions linked to the global context that has weighed on the sector in recent weeks, the analyst says.
The broker believes that the stock's valuation remains well below historical norms (2025e P/E at 3.4x, against a pre-Covid historical average of 6.0x).
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.