LDC: Oddo BHF still buying following quarterly sales

(CercleFinance.com) - Oddo BHF is maintaining its 'outperform' rating on and E178 target price for LDC shares, following the food group's announcement of quarterly sales broadly in line with expectations.


According to analysts, LDC still has room to adapt and support volumes while maintaining margins at satisfactory levels, and its fundamentals remain solid in the face of uncertainties linked to developments in the geopolitical context in France.

We believe that the recent fall in the share price is an opportunity to position or strengthen our position in this defensive sector, the analyst adds, citing an 18% discount to 10-year historical levels.


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