Seb: TP ICAP Midcap raises target price
(CercleFinance.com) - TP ICAP Midcap announced on Friday that it had raised its target price for Seb shares from E159 to E163, while maintaining its buy recommendation on the stock.
The broker highlights the 'disproportionate' decline in the small electrical appliance manufacturer's share price, which recently returned to its annual lows.
A downward movement accelerated by the election of Donald Trump and its potential impact on the currency and tariff fronts, explains the investment bank.
However, we feel that these fears are overvalued, and that the valuation is becoming extremely disconnected from reality, TP ICAP Midcap says.
Seb has weathered all the economic, monetary and health crises, adapting its structures, production facilities and driving investments to limit the impact of the contraction in sales, and has the capacity to adjust its selling prices, the broker emphasizes.
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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 broker highlights the 'disproportionate' decline in the small electrical appliance manufacturer's share price, which recently returned to its annual lows.
A downward movement accelerated by the election of Donald Trump and its potential impact on the currency and tariff fronts, explains the investment bank.
However, we feel that these fears are overvalued, and that the valuation is becoming extremely disconnected from reality, TP ICAP Midcap says.
Seb has weathered all the economic, monetary and health crises, adapting its structures, production facilities and driving investments to limit the impact of the contraction in sales, and has the capacity to adjust its selling prices, the broker emphasizes.
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.