Verallia: Stifel still buying, but cuts TP
(CercleFinance.com) - Stifel confirms its 'buy' recommendation on Verallia shares, but lowers its target price for them from E40.
25 to E36.65, based on lower estimates (-6% average EBITDA in 2025 and 2026), lower peer multiples and a higher WACC.
The broker finds the cautious target of adjusted EBITDA in 2025 close to that of 2024 understandable, given the general macroeconomic and political uncertainty, and sees a path for the glass packaging manufacturer to raise its forecasts during the year.
Verallia has demonstrated remarkable margin stability on an increasing trend (in absolute terms and relative to peers) over the past five years of market turmoil, Stifel points out.
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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.
25 to E36.65, based on lower estimates (-6% average EBITDA in 2025 and 2026), lower peer multiples and a higher WACC.
The broker finds the cautious target of adjusted EBITDA in 2025 close to that of 2024 understandable, given the general macroeconomic and political uncertainty, and sees a path for the glass packaging manufacturer to raise its forecasts during the year.
Verallia has demonstrated remarkable margin stability on an increasing trend (in absolute terms and relative to peers) over the past five years of market turmoil, Stifel points out.
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.