Grandvision: Bryan Garnier still a buyer
(CercleFinance.com) - Bryan Garnier has reinstated its "buy" rating on the Grandvision stock, along with its fair value of 26 euros on, deeming that the group's interim results, due out on 6 August, "should show more favourable trends.
"
The share price performance over the past days has been bumpy... but we would consider these levels as attractive entry points,” the broker says regarding this Dutch distributor of optical products.
“GNVN has a more resilient business model and offers a more attractive growth/valuation ratio,” the broker adds, whose optimistic stance should be confirmed by management at the H1 results presentation and during the CMD (on 20 September).
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.
"
The share price performance over the past days has been bumpy... but we would consider these levels as attractive entry points,” the broker says regarding this Dutch distributor of optical products.
“GNVN has a more resilient business model and offers a more attractive growth/valuation ratio,” the broker adds, whose optimistic stance should be confirmed by management at the H1 results presentation and during the CMD (on 20 September).
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.