Rémy Cointreau: buoyant after its annual results

(CercleFinance.com) - Rémy Cointreau is up 3%, making it one of the leading stocks on the SBF120, following the publication of full-year EPS, albeit down 37% at E3.
64 as reported, while 5% higher than the consensus of E3.84 on a recurring basis, Oddo BHF says.

The broker also notes that the spirits group has further clarified its growth recovery trajectory for FY 2024-25, and says that it is still ahead of its long-term gross and operating margin expansion targets.

The valuation offers an unprecedented entry point for a stock with quality fundamentals, Oddo BHF adds, which therefore maintains its "outperform" rating on Rémy Cointreau, with an unchanged target price of E125.


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