JCDecaux: Mainfirst says hold
(CercleFinance.com) - On Thursday Mainfirst initiated its coverage of the JCDecaux share, recommending investors hold it, with a target price of 16 euros.
The broker expects the outdoor adverting group's revenues to drop 30.4% this year, before picking up by 14.6% and 15.0% respectively in 2021 and 2022.
Mainfirst believes that its operating margin will reach 8.2%, 12.6% and 17.5% over 2020-22, against a pre-crisis level of 20.4%.
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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 broker expects the outdoor adverting group's revenues to drop 30.4% this year, before picking up by 14.6% and 15.0% respectively in 2021 and 2022.
Mainfirst believes that its operating margin will reach 8.2%, 12.6% and 17.5% over 2020-22, against a pre-crisis level of 20.4%.
Copyright (c) 2020 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.