Quadient: Oddo BHF lowers target price
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Quadient shares, with a price target lowered from E30 to E27.
As a reminder, last night Quadient published Q3 sales of E263m (E266.3m estimated, E266m for css) vs. E261m up 0.8% and 0.3% in organic terms.
For the full year, management confirms organic growth for both the topline and EBIT, validating our current expectations, the analyst reports.
Oddo BHF considers that the valuation remains extremely moderate (4.4x 2025 EBITDA and 7.3x current EBIT), i.e. a 31% discount to historical multiples.
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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.
As a reminder, last night Quadient published Q3 sales of E263m (E266.3m estimated, E266m for css) vs. E261m up 0.8% and 0.3% in organic terms.
For the full year, management confirms organic growth for both the topline and EBIT, validating our current expectations, the analyst reports.
Oddo BHF considers that the valuation remains extremely moderate (4.4x 2025 EBITDA and 7.3x current EBIT), i.e. a 31% discount to historical multiples.
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.