Vinci: Barclays raises target price
(CercleFinance.com) - Barclays estimates that Vinci will post the strongest growth in motorway traffic in Q4 2019 (up 14.
8%), following the yellow vests demonstrations and due to the French rail strikes.
Analysts expect a robust quarter for Airport traffic to, with growth of 5.3%.
"This leads us to forecast a FY-19 EBIT of EUR5.70bn, up 14%, a 2% upgrade to our previous forecast," Barclays says.
The analysts say that the focus will also be on the dividend this year (which Barclays has increased by 17% over the year), as the company could finally review its distribution policy.
Barclays has therefore raised its target price to 99 euros (against 93 euros previously), with "equal weight" rating, primarily as a result of our earnings upgrade and model roll over.
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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.
8%), following the yellow vests demonstrations and due to the French rail strikes.
Analysts expect a robust quarter for Airport traffic to, with growth of 5.3%.
"This leads us to forecast a FY-19 EBIT of EUR5.70bn, up 14%, a 2% upgrade to our previous forecast," Barclays says.
The analysts say that the focus will also be on the dividend this year (which Barclays has increased by 17% over the year), as the company could finally review its distribution policy.
Barclays has therefore raised its target price to 99 euros (against 93 euros previously), with "equal weight" rating, primarily as a result of our earnings upgrade and model roll over.
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.