Ahold Delhaize: Invest Securities ups its target
(CercleFinance.com) - Invest Securities reconfirms its 'Buy' opinion and ups its price target from 21.
5 to 22.6 euros, underlining that there has been “a good start to 2018” for the Dutch-Belgian food distributor in view of its first-quarter publication.
The analyst firm notes that the operating leverage allows for enhanced downstream growth with a rise of +15% in EPS in apparent data, and that the generation of free cash-flow more than doubles sequential growth.
The analysts say that these “results which show the effect of synergies from the merger in line with a ramp-up stringently compliant in terms of time-scales and intensity, are a sign of a successful merger”.
Copyright (c) 2018 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.
5 to 22.6 euros, underlining that there has been “a good start to 2018” for the Dutch-Belgian food distributor in view of its first-quarter publication.
The analyst firm notes that the operating leverage allows for enhanced downstream growth with a rise of +15% in EPS in apparent data, and that the generation of free cash-flow more than doubles sequential growth.
The analysts say that these “results which show the effect of synergies from the merger in line with a ramp-up stringently compliant in terms of time-scales and intensity, are a sign of a successful merger”.
Copyright (c) 2018 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.