Sodexo: Jefferies raises target price

(CercleFinance.com) - On Friday, the broker Jefferies raised its target price for the Sodexo share from 78 euros to 89 euros, maintaining its buy rating on the stock.


In comments on contract catering companies, the US broker said it had raised its earnings estimates for the group to take into account the recent increase in its targets.

While also raising its estimates for Compass, Jefferies believes that Sodexo's share price is now trading at a more attractive valuation, while benefiting from a less demanding consensus than that of its British peer.

L'action Sodexo s'inscrivait en baisse de 0,8% vendredi à la Bourse de Paris, contre une progression de l'ordre de 0,2% pour l'indice CAC 40.

After lunch on Friday the Sodexo share was down 0.8% in Paris, underperforming the CAC 40 by about 1%.


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