Carrefour : UBS trims target price
(CercleFinance.com) - UBS believes that the difficult outlook for 2025 is largely price-related.
The analyst confirms his Neutral recommendation on the stock, lowering his target price for it to E13 (from E14). This new TP represents 3% upside potential for the stock.
We have reduced the group's EBIT forecast by 5% for FY 2025 and expect 4% growth compared with FY 2024; the shares value the weak outlook at around 7x P/E, UBS says.
Remember that Carrefour has announced a net income, group share, of E723m for 2024, compared with E1,659m in 2023. Adjusted net income, group share, was E1,081m, vs. E1,221m in 2023.
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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.
The analyst confirms his Neutral recommendation on the stock, lowering his target price for it to E13 (from E14). This new TP represents 3% upside potential for the stock.
We have reduced the group's EBIT forecast by 5% for FY 2025 and expect 4% growth compared with FY 2024; the shares value the weak outlook at around 7x P/E, UBS says.
Remember that Carrefour has announced a net income, group share, of E723m for 2024, compared with E1,659m in 2023. Adjusted net income, group share, was E1,081m, vs. E1,221m in 2023.
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.