Edenred: share down, as Barclays more cautious
(CercleFinance.com) - Edenred suffered one of the biggest falls in the CAC 40 index on Monday morning, the victim of a downgrade by Barclays, which said it was more cautious about the prepaid corporate services specialist.
In a note published this morning, the British investment bank believes that the issuer of luncheon vouchers will have to weather a recovery that looks complicated.
We believe that the group is about to enter a period of regulatory adjustments and economic difficulties likely to weigh on its medium-term growth, Barclays warns.
As a result, Barclays has downgraded the stock from 'overweight' to 'equal weight', with a target price slashed from E61 to E36.
The stock may look cheap, but the risk/reward profile is well balanced at current levels, it stresses.
Following this downgrade, Edenred shares lost 1.6% late Monday morning, compared with a 0.8% decline for the CAC.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
In a note published this morning, the British investment bank believes that the issuer of luncheon vouchers will have to weather a recovery that looks complicated.
We believe that the group is about to enter a period of regulatory adjustments and economic difficulties likely to weigh on its medium-term growth, Barclays warns.
As a result, Barclays has downgraded the stock from 'overweight' to 'equal weight', with a target price slashed from E61 to E36.
The stock may look cheap, but the risk/reward profile is well balanced at current levels, it stresses.
Following this downgrade, Edenred shares lost 1.6% late Monday morning, compared with a 0.8% decline for the CAC.
Copyright (c) 2025 CercleFinance.com. All rights reserved.