Bureau Veritas: Oddo BHF remains positive

(CercleFinance.com) - Oddo BHF reaffirms its 'outperform' raing on Bureau Veritas shares, along with its E33 target price, believing that a share placement by Wendel would increase the stock's liquidity and bring it closer to a CAC 40 entry (during 2025, in its opinion).


The broker also notes that, at E29, the inspection and certification services group's share price is almost at its highest level, without multiples being stretched - either in relation to its historical average, or relative to its peers.

Its CMD has been a success, the market appreciates the ambitious and credible targets (mid-to-high single-digit organic growth and constant margin improvement), and peers are sending out rather positive sector signals, the analyst adds.


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