Seize the opportunity on Accor via turbo calls

The Accor hotel group has fallen by 16% since February 11, affected in particular by the consequences of the war in Ukraine.

Caught between soaring oil prices – which means more expensive plane tickets – and the high level of inflation – which implies a drop in purchasing power, the tourism sector is suffering from the current context.

However, Accor is not giving up. The group, which had already announced 2021 results that exceeded expectations, also indicated that the “direct” impact of the conflict on its next results should remain low. Russia and Ukraine only account for 1.2% of royalties. Optimistic, the group even plans to open 300 establishments worldwide in 2022.

The fall in the stock offers, in our view, an opportunity to position ourselves, via turbo calls. We recommend the purchase of certificates without expiry code N7EPO. The knock-out barrier is at 19% of the current stock level and the leverage is more than 5 times.

Quotation range: 1.11 – 1.12 euros.