Trigano: Oddo still a buyer after trading update

(CercleFinance.com) - Oddo BHF reinstates its "outperform" rating on Trigano shares, along with its target price of 148 euros, even after the leisure vehicles and equipment group's announcement of Q1 sales, which analysts say are disappointing, although not very significant.


Sales came in at 782.3 million euros, 15% less than the broker had expected, although the company emphasised that supply difficulties for rolling bases have improved significantly since the end of November.

Finally, this publication reinforces the broker's investment argument, based on sound visibility regarding sales, a solid resilience of margins and a very favourable balance sheet situation. In addition, the analyst adds that the share's current valuation remains very low.

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