Peugeot: Jefferies raises target price
(CercleFinance.com) - On Monday Jefferies raised its target price for the Peugeot share from 23 euros to 27 euros and confirms his "buy" rating on the stock, following the publication of the car maker's annual results.
"PSA's results and corporate message were a breath of fresh air, again," the broker says in its report, adding that 2019 “looks constructive”.
"Financial discipline, balance sheet strength, management drive and low multiples are a potent combination as industry pressure for better capital allocation".
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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.
"PSA's results and corporate message were a breath of fresh air, again," the broker says in its report, adding that 2019 “looks constructive”.
"Financial discipline, balance sheet strength, management drive and low multiples are a potent combination as industry pressure for better capital allocation".
Copyright (c) 2019 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.