(CercleFinance.com) – The stock ended the day up almost 2%, benefiting from the favorable analysis by Invest Securities. The research department reaffirms its ‘buy’ opinion and its target price of 28 euros on Plastic Omnium, returning to the investor meeting of May 12 on the strategy and long-term financial prospects of the automotive supplier.
“The impact of the arrival of the companies acquired in 2023 in a full year will be dilutive in limited proportions and undoubtedly accretive from 2024 with the start of the upgrade of VLC’s EBITDA”, estimates the analyst.
While judging the arbitrations of the business portfolio ‘well advanced’, the research department leaves its estimates unchanged for Plastic Omnium at this stage, but underlines that the valuation multiples remain well below their five-year average.
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