Vinci: Deutsche Bank initiates coverage with buy rating
(CercleFinance.com) - On Thursday Deutsche Bank initiaed coverage of Vinci shares with a buy recommendation and a target price of 101 euros (current price about 87 euros, -1.
5%).
In a research report, the broker explains that the construction and airport and motorway concessions group represent a good case to play the theme of economic recovery in the near term.
For the period 2020-2025, Deutsche says it expects average EPS growth of at least 30% p.a. - with the stock trading at favourable multiples, including EV/EBITDA of 7.8x, the broker believes that its current price offers an attractive entry point.
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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.
5%).
In a research report, the broker explains that the construction and airport and motorway concessions group represent a good case to play the theme of economic recovery in the near term.
For the period 2020-2025, Deutsche says it expects average EPS growth of at least 30% p.a. - with the stock trading at favourable multiples, including EV/EBITDA of 7.8x, the broker believes that its current price offers an attractive entry point.
Copyright (c) 2021 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.