Ahold Delhaize: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse maintains its "neutral" rating on the Ahold Delhaize share, adding 1 euro to its target price, from 22 euros to 23 euros (price at close yesterday: 24 euros, +0.
4%).

The analyst has revised his assumptions following the group's good Q1 results, in particular highlighting the performance of "Click & Collect" which now contributes to 50% of online sales, against less than 20% at the start of 2019.

Against this backdrop, Credit Suisse is increasing its forecast for underlying EPS growth for FY2021 to 16% relative to 2019.

The analyst has also raised his forecast, now expecting FY 2021 LFL sales growth of +1.1% in Europe.


Copyright (c) 2021 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.