Icade: Invest Securities ups target price

(CercleFinance.com) - An analyst at Invest Securities today says that he is nudging up his target price for the Icade share from 81 euros to 82 euros.


Yesterday Icade published good quality 2018 results, in line with the broker's expectations.The outlook for 2019 is a slightly disappointing, although this reflects the desire to accelerate divestments in a market for offices that remains dynamic. This does not change the group's expected average annual growth in 2019-2023 (+4.5%). The company therefore expects to increase its dividend by 4.5% in 2019, despite the expected decline in earnings, Invest Securities says.

After the group's results, the analyst also reinstated his "buy" recommendation on the share.


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