Vinci: RBC initiates coverage as buyer
(CercleFinance.com) - On Tuesday RBC began tracking Vinci shares with an 'outperform' rating and a target price of E130, judging the construction giant's share price to be at a discount despite the catalysts from which it could benefit.
In a study devoted to concession players, the Canadian broker believes that the French group still has significant potential for value creation.
We believe that the quality of Vinci's construction businesses is only improving (under the effect of the energy transition), and consider that an extension to Gatwick airport (following that of Aerodom) could further strengthen the group's confidence in its ability to create value from its existing portfolio, RBC explains.
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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.
In a study devoted to concession players, the Canadian broker believes that the French group still has significant potential for value creation.
We believe that the quality of Vinci's construction businesses is only improving (under the effect of the energy transition), and consider that an extension to Gatwick airport (following that of Aerodom) could further strengthen the group's confidence in its ability to create value from its existing portfolio, RBC explains.
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.