Keep, or even buy, Bic turbo calls

Recommended on August 3, turbo calls without code expiry 9VVGBbacked by the Bic title, are still on their mark.

In the first half of the year, the maker of pens, lighters and razors recorded sales growth of 15.5% (at constant exchange rates) over one year, to 1.13 billion euros, and raised its growth forecast for 2022. We remain convinced that these trends will continue to carry the title on the stock market. We have a target price of 70 euros over a 12-month horizon.

Those who have not followed our first advice can still position themselves. The knock-out barrier of 46.46 euros is 21% away from the current share price, for a leverage effect of 3.9 times.

Quotation range: 1.54–1.55 euros.