Pluxee: Stifel initiates 'hold' coverage
(CercleFinance.com) - Stifel announced on Thursday that it had initiated coverage of Pluxee shares, with a "hold" recommendation and a target price of E25.
In a sector study, the analyst justifies his opinion by the need for the meal voucher specialist to work on improving its portfolio and solidifying its growth before considering possible diversification.
Pointing to the group's status as world leader in employee benefits, Stifel believes that this dimension should enable it to invest more in its technologies than its competitors.
Regarding Brazil, the company's main market today, the broker acknowledges that the country holds vast opportunities in view of its dynamic demographics, but also faces significant obstacles in terms of currency effect, competition and regulation.
While Stifel expects EPS growth of around 15% over the next three years, it believes that the forecasts made by the financial community may be a little over-ambitious, and that this could lead to disappointing results.
Copyright (c) 2025 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.
In a sector study, the analyst justifies his opinion by the need for the meal voucher specialist to work on improving its portfolio and solidifying its growth before considering possible diversification.
Pointing to the group's status as world leader in employee benefits, Stifel believes that this dimension should enable it to invest more in its technologies than its competitors.
Regarding Brazil, the company's main market today, the broker acknowledges that the country holds vast opportunities in view of its dynamic demographics, but also faces significant obstacles in terms of currency effect, competition and regulation.
While Stifel expects EPS growth of around 15% over the next three years, it believes that the forecasts made by the financial community may be a little over-ambitious, and that this could lead to disappointing results.
Copyright (c) 2025 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.