Rubis: Oddo BHF adjusts target price

(CercleFinance.com) - Oddo BHF has reaffirmed its 'outperform' rating on Rubis, with a target price trimmed from E32 to E31.
3, following the official publication of the energy group's Q3 2024 results.

This quarterly publication is unimportant in view of the profit warning issued last week, which justified a 5% cut in our average EPS forecasts for 2025 and 2026, and an update of our target price, the analyst says.

The broker explains that its favourable recommendation on Rubis is mainly based on the speculative appeal (numerous shareholders with an activist profile in the capital), reinforced by the difficulties currently encountered.


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