(CercleFinance.com) – Jefferies confirms its advice to buy on the value with a target of 224 E after the presentation of the new stage of its Transform & Accelerate strategic plan covering the financial years 2022-23 to 2024-25, as well as its medium-term objectives.
In the medium term, the group expects revenue growth of between +4 and +7%, targeting the high end of the range, and an improvement in the operating margin of around 50-60 basis points per year, as soon as when the turnover falls within this range.
‘ In our report, ‘Moving from an Analogue to a Digital Model’, we highlighted the potential for stronger and more diversified growth, which, alongside a growing performance culture, should enable margin growth in excess of that sales and an acceleration in profits,” says Jefferies.
“The market’s confidence in Pernod as a beverage manufacturer should lead to a reassessment of the value. Stocks are cheap for their quality, with a 2023 PE of 20.2x versus 21.3x for consumer staples and 23.1x for Diageo’.
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.
