Peugeot: Oddo confirms rating after presentation
(CercleFinance.com) - Management of the Peugeot, Citroën, DS and Opel Vauxhall brands presented their strategic aims and the outlines of their future ranges.
Following this presentation, Oddo confirms its buy rating on the stock, along with a target price of 29 euros.
Peugeot is targeting volumes of 2m vehicles in 2021 (+18% compared to 2016), based on a rich product plan, including the renewals of the 208/2008/308 models, the restyling of the 3008 and 5008 best sellers and the announced launch of a one-ton payload pickup truck intended for international markets, Oddo says.
Electrification is accelerating and Peugeot intends to comply with the European CO2 targets by January 2020 (via portfolio management).
The broker also says that Citroën has reiterated its commercial targets for 2021 (1.5m units against 1.1m in 2019e), which are based on the deployment of the core model strategy and the acceleration of international development.
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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.
Following this presentation, Oddo confirms its buy rating on the stock, along with a target price of 29 euros.
Peugeot is targeting volumes of 2m vehicles in 2021 (+18% compared to 2016), based on a rich product plan, including the renewals of the 208/2008/308 models, the restyling of the 3008 and 5008 best sellers and the announced launch of a one-ton payload pickup truck intended for international markets, Oddo says.
Electrification is accelerating and Peugeot intends to comply with the European CO2 targets by January 2020 (via portfolio management).
The broker also says that Citroën has reiterated its commercial targets for 2021 (1.5m units against 1.1m in 2019e), which are based on the deployment of the core model strategy and the acceleration of international development.
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.