(CercleFinance.com) – Oddo maintains its ‘neutral’ rating on the Trigano share with an unchanged price target of 202 euros.
The analysis office welcomes the ‘good performance’ of the activity in the 1st quarter, the turnover being 786.8 ME (+ 9.2%) against 731.9 ME expected.
“The group benefits over the period from demand that remains strong and price increases intended to offset the rise in the price of raw materials,” notes the analyst.
Thus, despite tensions on supplies and production delays, the group is facing sustained demand and the order book is saturating production capacities.
In this context, Oddo confirms its estimates and targets an increase in turnover of 17.1% in 2022 including + 8.1% at ptcc, ‘which remains cautious’, underlines the broker.
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