Showroomprivé: Oddo BHF downgrades to 'reduce'
(CercleFinance.com) - Oddo BHF has downgraded its rating on the Showroomprivé share from "neutral" to "reduce," having cut its corresponding target price reduced from 3 euros to 1.
8 euro, with a the group's profit warning pushing the broker to downgrade its scenario for 2019. It now expects flat sales and negative EBITDA.
Although a rebound in performance is expected in the second half, with a return to profitability, visibility remains very limited and the market environment leads to increased caution on the stock, the analyst said.
According to the analyst, a return to profitability that is close to historical levels will depend on a return stronger volumes, the development of SRP Media and the group's partnership with Carrefour and the full-year impact of savings that are currently being made.
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.
8 euro, with a the group's profit warning pushing the broker to downgrade its scenario for 2019. It now expects flat sales and negative EBITDA.
Although a rebound in performance is expected in the second half, with a return to profitability, visibility remains very limited and the market environment leads to increased caution on the stock, the analyst said.
According to the analyst, a return to profitability that is close to historical levels will depend on a return stronger volumes, the development of SRP Media and the group's partnership with Carrefour and the full-year impact of savings that are currently being made.
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.