Eurazeo: Oddo confirms buy rating, raises target price
(CercleFinance.com) - Eurazeo estimates that it will be able to double its assets under management (AUM) within five to seven years, a scenario deemed credible by Oddo, which models a net growth (before dividends) of 10% per year from 2021 for AUM on behalf of third parties.
The analyst also anticipates annual growth of 2.1-2.5 billion euros per year over the period for such AUM.
Oddo is therefore maintaining its buy rating on the stock, increasing its corresponding target price to 65 euros (vs. 57.9 euros previously).
The market seems to agree - the share is up over 4% in mid-morning trading on Wednesday.
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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 analyst also anticipates annual growth of 2.1-2.5 billion euros per year over the period for such AUM.
Oddo is therefore maintaining its buy rating on the stock, increasing its corresponding target price to 65 euros (vs. 57.9 euros previously).
The market seems to agree - the share is up over 4% in mid-morning trading on Wednesday.
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.