(CercleFinance.com) – Oddo BHF reaffirms its ‘outperformance’ opinion on Spie with a price target raised from 38 to 40.5 euros, before the publication of the first quarter turnover on April 25, for which it retains growth of +7.6% including +4.3% on a comparable basis.
‘Ultimately, this publication should confirm the continuation of relatively sustained growth and good visibility for the whole year in view of the trends linked to the energy transition in Europe (turnover and margins)’, judges the analyst.
‘After a year 2023 rich in external growth operations, the start of the year proved dynamic (256 million euros in turnover acquired) and we understand that the M&A pipeline remains dense,’ he continues. .
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