Robertet: Jefferies initiates buy coverage

(CercleFinance.com) - Jefferies initiates coverage of Robertet with a 'buy' recommendation and a price target of 1040 euros, as well as EBITDA estimates 4% above consensus for the fragrances and flavors group over the next three years.


"In a booming fragrance market, Robertet's competitive advantages include differentiated access to raw materials, customer focus and a long-term perspective as a family-owned business", the broker emphasizes.

According to Jefferies, these elements "support attractive growth prospects relative to peers, with margin expansion likely to follow in the medium term, at an attractive valuation".

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