Spie: Oddo raises target price
(CercleFinance.com) - Oddo BHF has confirmed its "outperform" rating on Spie shares, having increased its corresponding target price from 23.
5 euros to 25.7 euros on the stock, which it includes in its "Midcap selection" for the first half of 2021 and which it considers as "Best-in-class ESG".
In the end, the group confirms its ability to turn things round in 2021 - both in terms of sales and margins. In the medium term, Spie has identified growth levers thanks to its exposure to European recovery plans, the analyst says.
Excellent FCF generation will contribute to a significant reduction in debt and will therefore enable the company to accelerate its growth through bolt-on acquisitions, Oddo adds, which has raised its 2021 EPS estimate by 6% (+4.5% in terms of underlying operating profit).
The share is currently down about 0.5%, pretty much in line with the market in Paris.
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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 euros to 25.7 euros on the stock, which it includes in its "Midcap selection" for the first half of 2021 and which it considers as "Best-in-class ESG".
In the end, the group confirms its ability to turn things round in 2021 - both in terms of sales and margins. In the medium term, Spie has identified growth levers thanks to its exposure to European recovery plans, the analyst says.
Excellent FCF generation will contribute to a significant reduction in debt and will therefore enable the company to accelerate its growth through bolt-on acquisitions, Oddo adds, which has raised its 2021 EPS estimate by 6% (+4.5% in terms of underlying operating profit).
The share is currently down about 0.5%, pretty much in line with the market in Paris.
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.