OVHcloud: Stifel says 'sell'.
(CercleFinance.com) - Stifel announced on Monday that it had downgraded OVHcloud shares from 'hold' to 'sell', advising investors to tender their shares to the proposed public stock buyback tender offer (OPRA) filed by the technology group.
The broker considers the proposed price of E9 per share to be 'fair', especially as it says that it does not expect the news surrounding the company to be particularly favourable over the coming months.
In its opinion, the share could underperform in the coming months due to reduced liquidity, rising debt and risks linked to governance issues.
The broker also anticipates further losses for the cloud specialist in H1.
The broker therefore recommends investors tender shares to the offer, which is due to begin on 10 December.
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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 considers the proposed price of E9 per share to be 'fair', especially as it says that it does not expect the news surrounding the company to be particularly favourable over the coming months.
In its opinion, the share could underperform in the coming months due to reduced liquidity, rising debt and risks linked to governance issues.
The broker also anticipates further losses for the cloud specialist in H1.
The broker therefore recommends investors tender shares to the offer, which is due to begin on 10 December.
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.