(CercleFinance.com) – Deutsche Bank announced on Tuesday that it had increased its price target on Accor from 40 to 46 euros, while maintaining its purchase recommendation on the stock.
In a research note released in the morning, the analyst evokes a group that is ‘more solid than perceived’ and ‘always more attractive’ following the much better than expected 2023 annual results published last week.
Deutsche recalls that the hotel giant revealed a record Ebitda operating profit, beyond one billion euros, a performance well above the range of 955 to 985 million euros that the group had given itself. as an objective and the consensus, which was established at 992 million euros.
Furthermore, the dividend will be increased by 12.4% to 1.18 euros per share, adds the intermediary, who also retains the launch of a new share buyback program of 400 million euros for this year.
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