Tarkett: Oddo initiates coverage with 'buy' rating.

(CercleFinance.com) - Oddo has begun to monitor the Tarkett stock today, with a “buy” rating and a target price of 50 euros.


The broker states that it is "an indispensable player" which has "a leading position". According to its analysts, the group's renewal with organic growth last year and upbeat macroeconomic conditions add credibility to the group's forecast of 3% organic growth rate p.a. (excluding structuring acquisitions) over the period 2016/2020.

Meanwhile, its EBITDA margin is expected to reach about 13% by 2020, Oddo estimates.


Copyright (c) 2017 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.