Unibail-Rodamco: Invest Securities cuts target price

(CercleFinance.com) - Invest Securities has confirmed its buy rating on the Unibail-Rodamco stock, although has trimmed its corresponing target price to 61 euros (vs.
70 euros).

The broker says that estimates for 2023 NTA NAV, according to the issue price (from 10 euros to 40 euros/share) of the announced capital increase vary between 34 euros and 74 euros, our 2023 recurrent net results (RNR) vary between 3.0 euros and 7.1 euros per share.

It adds that any change in the price now results in a change in its valuation of the share. The price's fall to 32.2 euros leads analysts to revise their target price to 61 euros vs. 70 euros previously. Further revisions are likely in the coming weeks, according to price variations, analysts adds.

The share is currently down over 3% at just over 31 euros.



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