GL events : Oddo BHF remains positive after H1 results
(CercleFinance.com) - Oddo BHF has confirmed its 'outperform' rating on and E25 target price for GL events shares, following the publication of H1 results that it deems to be 'of good quality', accompanied by an increase in its sales target.
The challenge for management, particularly at today's investor meeting, will be to explain the group's growth drivers following this historic year, the analyst in charge of the file warns.
Furthermore, in a difficult stock market environment for smallcaps with debt (from an equity story rather than a real risk point of view), it will be important to reassure investors about the company's debt trajectory and M&A envelopes for the coming years, he continues.
Finally, proposing solutions for Sofina, which we understand is outgoing, will help reduce the aversion of certain investors, Oddo BHF adds, which remains constructive and confident about the group and its prospects.
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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.
The challenge for management, particularly at today's investor meeting, will be to explain the group's growth drivers following this historic year, the analyst in charge of the file warns.
Furthermore, in a difficult stock market environment for smallcaps with debt (from an equity story rather than a real risk point of view), it will be important to reassure investors about the company's debt trajectory and M&A envelopes for the coming years, he continues.
Finally, proposing solutions for Sofina, which we understand is outgoing, will help reduce the aversion of certain investors, Oddo BHF adds, which remains constructive and confident about the group and its prospects.
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.