(CercleFinance.com) – Navya fell nearly 3% in Paris, penalized by an analysis by Oddo which maintained its ‘underperformance’ rating on the stock, with a price target reduced to 1.5 euros, against 1 .6 euros previously.
The analysis office returns to the publication of the results for the year 2021 which are ‘as expected strongly in deficit’
Navya says it is ready to prepare its industrialization in 2022, but what about demand now and above all future volumes in a market still in the experimental phase?, asks Oddo.
Consequently, “for 2022, we do not expect any bottom line improvement with an EBIT of -23 MEe over the financial year”, underlines the analyst.
Oddo indicates that Navya’s cash situation and industrialization prospects are ‘obviously not enough’ to change his advice on the stock.
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