Verallia: initial buy rating from Credit Suisse
(CercleFinance.com) - Credit Suisse has begun to monitor the share of glass packaging group Verallia with a buy ("outperform") rating, which was recently floated on the Paris Stock Exchange (market cap of 2,62 billion euros).
The broker has set a target price at 35 euros (upside of 25%).
"We view Verallia as attractive, given its leading market positions and strong exposure to premium wine and spirits," the broker says in a note, which also points to improved margins and the "balanced" allocation. of capital.
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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.
The broker has set a target price at 35 euros (upside of 25%).
"We view Verallia as attractive, given its leading market positions and strong exposure to premium wine and spirits," the broker says in a note, which also points to improved margins and the "balanced" allocation. of capital.
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.