(CercleFinance.com) – The stock rose nearly 4%, benefiting from the favorable analysis by Oddo BHF. The research department reiterates its ‘outperformance’ opinion on Sodexo with a price target raised from 80 to 82 euros, in the wake of forecasts raised after the service group’s activity point for its third accounting quarter.
The consultancy now expects 15.9% organic growth over the full year (compared to 15.2% previously) ‘as the group was confident with the consensus expectations for the last quarter to about 11.6%’.
Oddo also notes that Sodexo is trading on a 12-month PE consensus of around 13 times, i.e. a discount of 32% compared to the 10-year average, and considers that the risk-return ratio on the stock still seems to him as positive’.
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