Accor: Oddo maintains rating and target price
(CercleFinance.com) - The broker maintains its buy rating on the Accor stock, along with its target price of 53 euros.
RevPAR France is up 12.6% y-o-y in October 2018 according to preliminary data published by OlaKala. Its occupancy rate has risen by 1.6 point, while average prices have risen significantly (+10.0%).
The broker deems the group's strategy as appropriate and fairly favourable despite a more uncertain context. Oddo believes that the stock's discount of 16% in terms of its 2018e EV/EBITDA relative to its US peers is unjustified.
Copyright (c) 2018 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.
RevPAR France is up 12.6% y-o-y in October 2018 according to preliminary data published by OlaKala. Its occupancy rate has risen by 1.6 point, while average prices have risen significantly (+10.0%).
The broker deems the group's strategy as appropriate and fairly favourable despite a more uncertain context. Oddo believes that the stock's discount of 16% in terms of its 2018e EV/EBITDA relative to its US peers is unjustified.
Copyright (c) 2018 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.