Teleperformance: UBS adjusts target price
(CercleFinance.com) - UBS reiterates its neutral recommendation on the stock, nudging up its target price to E104 (from E100).
Sales growth forecasts for FY 2025 could leave room for acceleration; we are updating our customer/peer tracking tools to check trends, but remain cautious on base margins, UBS says.
Teleperformance has confirmed its pro-forma growth targets of between +2% and +4% for 2024, with an improvement in recurring EBITA margin of +10-to-+20bp and strong free net cash flow generation, with a net debt to EBITDA ratio of under 2x.
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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.
Sales growth forecasts for FY 2025 could leave room for acceleration; we are updating our customer/peer tracking tools to check trends, but remain cautious on base margins, UBS says.
Teleperformance has confirmed its pro-forma growth targets of between +2% and +4% for 2024, with an improvement in recurring EBITA margin of +10-to-+20bp and strong free net cash flow generation, with a net debt to EBITDA ratio of under 2x.
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.