Bouygues: reassured, Oddo BHF maintains buy rating
(CercleFinance.com) - An analyst at Oddo BHF today reiterates his "buy" rating on the Bouygues stock, in particular that saying the group's last publication was "solid" in Telecoms and "in line" in Construction.
Oddo BHF says that after the cold spell of October, with the “one-off” (charge) of 123 million euros for its Construction business, the sound performance of the group's Telecom division and robust order intake (in Real Estate and at Colas) reassure it about the underlying trend of Bouygues' business in Q4 and 2019. As such, the broker confirms its buy rating on the stock, due to Bouygues Tel's agility in the fixed telephony market, where backbook price increases enable it to respond tactically to entry-level boxes (...). In addition, there is a robust momentum at its Construction business, which is fueled by major projects in both France and internationally... and finally an excellent momentum at Alstom.
The analyst has therefore set a target price at 44 euros, suggesting upside potential of 35%.
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.
Oddo BHF says that after the cold spell of October, with the “one-off” (charge) of 123 million euros for its Construction business, the sound performance of the group's Telecom division and robust order intake (in Real Estate and at Colas) reassure it about the underlying trend of Bouygues' business in Q4 and 2019. As such, the broker confirms its buy rating on the stock, due to Bouygues Tel's agility in the fixed telephony market, where backbook price increases enable it to respond tactically to entry-level boxes (...). In addition, there is a robust momentum at its Construction business, which is fueled by major projects in both France and internationally... and finally an excellent momentum at Alstom.
The analyst has therefore set a target price at 44 euros, suggesting upside potential of 35%.
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.