(CercleFinance.com) – Oddo BHF maintains its ‘outperform’ rating on Trigano shares with an unchanged price target of 175 euros.
When publishing its annual results at the end of November, management confirmed the high level of order books and the clear improvement in the delivery of chassis from all suppliers. On these bases, the group envisages good growth in activity in 2023/24 (around +10%), reports the analyst.
‘Ultimately, the group has many assets and in particular an order book that is reassuring about the evolution of the activity in 2024’ adds Oddo BHF.
The broker adds that the process of acquiring Bénéteau’s Mobile Home business is ‘following its course’ with a finalization which could take place by February 2024.
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