Safran: Oddo BHF reinstates 'buy' rating

(CercleFinance.com) - On Friday an analyst at Oddo BHF confirmed his "buy" rating on the Safran share, after the group unveiled its targets through to 2022.


Remember that Safran has said that it is targeting average organic sales growth of 4% to 6% over 2019-2022, as well as an underlying operating margin tending towards a range of between 16% and 18% by 2022.

The group also expects strong cash generation, driven by a 50% increase in EBITDA between 2018 and 2022, with over a 50% conversion rate of underlying operating profit into free cash flow each year, with this exceeding 60% in 2022.

The analyst maintains his target price of 135 euros, suggesting upside potential of 21%.



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