(Boursier.com) — Remy Cointreau returns this Friday to 135 euros, down 5% over the week, in a stock market which remains tense… The buying flow on the spirits group was fueled last month by Exane BNP Paribas which had noted ‘outperform ‘ its recommendation on the stock by targeting a price of 190 euros. The broker indeed expects a “strong inflection” in the second half of the year and anticipates a 106% like-for-like increase in Ebit over the period… The company has invested more in marketing compared to pre-Covid than any other group in the sector or luxury products, underlines the specialist. For its part, Morgan Stanley more modestly raised the slider from 133 to 136 euros, while remaining ‘underweight’, while AlphaValue adjusted the target from 184 to 181 euros with an opinion to ‘accumulate’.
Overall, analysts remain divided on the value since, according to the consensus, 12 are ‘buy’, 6 are ‘hold’ and 5 are ‘sell’. The average twelve-month objective is set at 172 euros.
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