(CercleFinance.com) – Jefferies reaffirms its ‘buy’ recommendation and its price target of 130 euros on Vinci, after a roadshow with the management of the French construction group and concessions with American and Canadian investors.
‘The company is exposed to the structural growth trends of the energy transition and consumer mobility, and we continue to consider that the portfolio is well placed,’ believes the broker.
‘On long-term debt at its lowest and a 2024 valuation implying 8% free cash flow yield and an EV / EBITDA ratio of seven times, the stock seems attractive,’ he continues in the summary of his note .
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