(CercleFinance.com) – The analysis office remains neutral on the value and confirms its price target of 62 E.
The analyst believes that the strong momentum does not impress so far.
“Henkel is expected to exceed its full-year 2022 guidance, but continued macroeconomic uncertainties and slow progress in the consumer products sector will weigh on the stock’s valuation,” UBS said.
In the first nine months of the year, sales reached €16.9 billion, up 9.7% organically compared to the first nine months of the previous year.
Henkel has raised its 2022 guidance and now expects organic sales growth of between 7 and 8% (compared to 5.5 to 7.5% previously), and an EBIT margin of between 10 and 11% (compared to 9 to 11% previously). Finally, adjusted EPS is expected to decline by 15 to 25% against an expected decline of between 15 and 35% previously.
Copyright © 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
