(Boursier.com) — After the publication of the 2023 results of Grolleau as well as the announcement of the turnover for the 1st quarter of 2024 and the outlook for the year, Euroland Corporate has decided to initiate coverage of the specialist in the design and manufacture of metal cabinets intended for infrastructures. In a study entitled “Change of dimension”, the brokerage firm recommends Grolleau shares to ‘Buy’ with a price target of 8.80 euros, representing an upside potential of +48% compared to the closing price of the action on April 29, 2024 (5.96 euros). “We value Grolleau’s equity at 8.80 euros/share using the DCF method and comparables. With many advantages, firstly the purchase of OMP Mechtron, not yet ‘priced’, a brand and a name recognized in their markets and already good quality fundamentals, Grolleau could now definitively change dimension”, estimates the Euroland Corporate analyst.
Since January 1, Grolleau shares have already gained nearly 20% on the Paris Stock Exchange, and today are up 3.69% to 6.18 euros.
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