AccorHotels: Oddo still a buyer before quarterly results

(CercleFinance.com) - Oddo confirms its buy rating on the AccorHotels stock and its target price of 53 euros.


RevPAR in France is up 10.9% in September 2018 (vs. September 2017) according to preliminary data published by OlaKala. The occupancy rate is up 1.3 point and average prices have risen sharply (+9.1%).

Oddo says that this is a very strong performance over the month, even though the comparison basis is unfavourable (RevPAR in France at +6.1% in September 2017), Oddo says.

We now expect RevPAR growth of 5.3% (vs. 4.9% previously, with no significant impact on EPS) for the group in 2018e, including +6.5% in France, analysts add.



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