Mersen: Oddo BHF remains positive, but trims TP
(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on Mersen shares, with a target price lowered from E34 to E32.
5, the day after the publication of annual sales in line with the broker's expectations.
This publication is rather a pleasant surprise, with a better-than-expected landing point, the analyst says, who nevertheless confirms a more cautious profile for 2025, while the plan's objectives remain unchanged.
Oddo BHF also notes that the share price continues to consolidate (-5.9% since the start of the year), with multiples of 4.9x EBITDA and 8.5x EBIT (2025), representing a discount of 38% to historical ratios and 18% to comparables.
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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 decision-making aids 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.
5, the day after the publication of annual sales in line with the broker's expectations.
This publication is rather a pleasant surprise, with a better-than-expected landing point, the analyst says, who nevertheless confirms a more cautious profile for 2025, while the plan's objectives remain unchanged.
Oddo BHF also notes that the share price continues to consolidate (-5.9% since the start of the year), with multiples of 4.9x EBITDA and 8.5x EBIT (2025), representing a discount of 38% to historical ratios and 18% to comparables.
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 decision-making aids 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.