Elior: Oddo BHF cuts target price
(CercleFinance.com) - Oddo BHF maintains its 'underperform' rating on Elior shares, with a target price reduced from E3.
2 to E2.9, after reducing EPS estimates by 13% on average over 2025-27 (mainly due to a less favourable assumption regarding tax charges).
The broker points out that since the publication of its 2024 annual results, Elior's share price has been penalised by political conditions in France and questions surrounding the potential optimisation of its capital structure.
Although it notes solid operational progress, which should continue, the group's situation (growth levels, profitability, FCF generation and debt) seems less attractive than its main competitors Sodexo and Compass.
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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.
2 to E2.9, after reducing EPS estimates by 13% on average over 2025-27 (mainly due to a less favourable assumption regarding tax charges).
The broker points out that since the publication of its 2024 annual results, Elior's share price has been penalised by political conditions in France and questions surrounding the potential optimisation of its capital structure.
Although it notes solid operational progress, which should continue, the group's situation (growth levels, profitability, FCF generation and debt) seems less attractive than its main competitors Sodexo and Compass.
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.