(CercleFinance.com) – After a ‘under review’ period at the end of July, Invest Securities reinitiates its monitoring of Toosla at ‘buy’ with a price target of two euros ‘on the basis of new estimates significantly revised downwards, but also largely de-risked.
‘After half-year results which confirmed that the group had not been able to manage its hyper-growth, a new management team, led by P. Staïcos returning to Toosla, was put in place to put the company back on track. rails’, underlines the analyst.
‘The 2023-24 roadmap, based on a stabilization of the fleet and new low-capital initiatives (affiliation and MyToosla+), includes a moderation of growth and a rapid recovery in profitability,’ he adds.
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