Sodexo: RBC raises target price
(CercleFinance.com) - On Monday RBC raised its target price for Sodexo shares from E80 to E82 following the French foodservices specialist's annual results.
The Canadian broker, which nevertheless reduced its earnings forecasts for the group by around 5% for FY 2025 and 2026, justifies raising its target by the prospect of a more favourable comp base effect on the accounts.
The broker nevertheless considers the share to be fairly valued overall at its current price, and prefers Aramark in the sector.
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.
The Canadian broker, which nevertheless reduced its earnings forecasts for the group by around 5% for FY 2025 and 2026, justifies raising its target by the prospect of a more favourable comp base effect on the accounts.
The broker nevertheless considers the share to be fairly valued overall at its current price, and prefers Aramark in the sector.
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.