Rubis: Oddo BHF adjusts target price
(CercleFinance.com) - Oddo BHF has reaffirmed its 'outperform' rating on Rubis, with a target price trimmed from E32 to E31.
3, following the official publication of the energy group's Q3 2024 results.
This quarterly publication is unimportant in view of the profit warning issued last week, which justified a 5% cut in our average EPS forecasts for 2025 and 2026, and an update of our target price, the analyst says.
The broker explains that its favourable recommendation on Rubis is mainly based on the speculative appeal (numerous shareholders with an activist profile in the capital), reinforced by the difficulties currently encountered.
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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.
3, following the official publication of the energy group's Q3 2024 results.
This quarterly publication is unimportant in view of the profit warning issued last week, which justified a 5% cut in our average EPS forecasts for 2025 and 2026, and an update of our target price, the analyst says.
The broker explains that its favourable recommendation on Rubis is mainly based on the speculative appeal (numerous shareholders with an activist profile in the capital), reinforced by the difficulties currently encountered.
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.