Chargeurs: Portzamparc welcomes acquisitions
(CercleFinance.com) - Broker Portzamparc this morning confirms its buy rating on the Chargeurs share, as well as its target price of 26 euros, which suggests over 40% upside potential.
Analysts reflect on the acquisitions that the group has recently announced. They represent total sales of 25 million euros and will enable the Chargeurs Technical Substrates (CTS) division to double in size, with a business volume that will exceed 60 million euros annually, targeting 100 million euros in 2020. Portzamparc understands that the profitability of targets is in line with that of CTS.
Analysts hail this transaction, which enables Chargeurs to increase its offer and reach a critical mass in its most profitable division. After bringing forward its sales target of one billion euros by a year, Chargeurs continues to reassure the broker in its ability to find nuggets with high added value and to fully implement its external growth plan,
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Analysts reflect on the acquisitions that the group has recently announced. They represent total sales of 25 million euros and will enable the Chargeurs Technical Substrates (CTS) division to double in size, with a business volume that will exceed 60 million euros annually, targeting 100 million euros in 2020. Portzamparc understands that the profitability of targets is in line with that of CTS.
Analysts hail this transaction, which enables Chargeurs to increase its offer and reach a critical mass in its most profitable division. After bringing forward its sales target of one billion euros by a year, Chargeurs continues to reassure the broker in its ability to find nuggets with high added value and to fully implement its external growth plan,
Copyright (c) 2019 CercleFinance.com. All rights reserved.