Sodexo: Berenberg renews buy rating, raises TP

(CercleFinance.com) - Berenberg announced on Wednesday that it had raised its target price for Sodexo shares from E91 to E96, renewing its buy recommendation on the stock.


The broker hails the "solid end to the year" achieved by the foodservices group after a year of transition, notably marked by the demerger of Pluxee.

The analyst points out that the company also undertook to simplify its shareholder structure by selling its shares in the Sofinsod holding company, while generating robust organic growth and improving margins.

All in all, these factors have led to an increase in the share price this year, it says, as well as the distribution of some E9bn in dividends.

As we approach 2025, Berenberg remains positive about Sodexo's prospects, judging the company's forecasts to be "credible", which leads it to anticipate a solid performance for the share once again.


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