Eiffage: UBS still a buyer, but cuts TP

(CercleFinance.com) - UBS reaffirms its 'buy' recommendation on Eiffage shares, despite reducing its target price for them from E152 to E144, with the broker saying that its new TP still offers an attractive valuation for the French construction and concessions group.


The Eiffage share offers substantial upside potential despite the tax changes, with a TSR (total shareholder return) of +65% at SOP (sum of parts) and an IRR (internal rate of return) on equity of 13%-14%, it explains.


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