Peugeot Invest: Degroof Petercam upgrades to buy
(CercleFinance.com) - Degroof Petercam announced on Tuesday that it had upgraded Peugeot Invest shares from 'hold' to 'buy' following the publication of the quarterly results of the Peugeot family holding company.
In addition to a performance in line with its expectations, the Belgian investment house highlights the 'massive' discount at which the stock is trading.
We believe that the correction in the share price has gone too far, especially in view of the positive H1 results, the arrival of a new CEO with extensive private equity experience, and the professionalization of the investment company, Degroof Petercam says.
For the Brussels-based firm, Peugeot Invest thus embodies a genuine value stock (heavily discounted in view of its fundamentals); its E120 target price represents over 60% upside potential.
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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 decision-making aids 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.
In addition to a performance in line with its expectations, the Belgian investment house highlights the 'massive' discount at which the stock is trading.
We believe that the correction in the share price has gone too far, especially in view of the positive H1 results, the arrival of a new CEO with extensive private equity experience, and the professionalization of the investment company, Degroof Petercam says.
For the Brussels-based firm, Peugeot Invest thus embodies a genuine value stock (heavily discounted in view of its fundamentals); its E120 target price represents over 60% upside potential.
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 decision-making aids 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.