Spie: Oddo BHF still a buyer - raises target price

(CercleFinance.com) - Oddo BHF reiterates its "buy" rating on Spie, a stock that features in its midcap best pick list for the second half of 2020, having raised its target price for the share from 17.
7 euros to 19.5 euros, after increasing its 2020 EPS estimates by almost 10%.

Analysts say that Spie's assets include a good geographical diversification that enables it to withstand the Covid crisis fairly well, and an excellent control of its WCR that enables it to maintain a solid generation of FCF and thus a steady deleveraging.

The broker also underlines that it has significant potential to make acquisitions, as well as medium-term growth sources and in particular the various recovery plans announced by the various European institutions under ecological conditions.


Copyright (c) 2020 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.