Legrand raises its targets, all good for our turbo calls!

Recommended for purchase on May 13, turbo calls without code expiry 9945T on Legrand are winners of 18%.

The electrical infrastructure specialist has raised its annual growth targets, after sustained activity in the first half. The group anticipates for the current financial year an increase in its sales (excluding currency effects) of between 9% and 12%, whereas it was previously counting on an increase of 5% to 11%. Legrand also confirmed its adjusted operating margin target of around 20% of sales in 2022. As a reminder, BNP Paribas analysts are buying the stock and are targeting a price of 100 euros.

We therefore advise to keep the turbo calls whose knock-out barrier is 24% away from the current level of the action.