Legrand: Oddo reiterates its recommendation on the share

(CercleFinance.com) - Oddo maintains its 'outperform' note on the Legrand share, with a price target of 109 euros.


On the investors' day (CMD), the management of Legrand highlighted the dynamism of its new markets (31% of revenue) and the potential upturn in terms of revenues of up to 50%.

Legrand is aiming for annual revenue growth excluding currency exchange (organic + M&A) of 5 to 10% over the mid-term, says Oddo.


As a result, the broker anticipates annual organic growth of 4.7% between 2022 and 2025 for Legrand and considers that the group will have the means to be able to capture this future growth.

Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.