(CercleFinance.com) – Oddo confirms its ‘outperformance’ rating for Vinci shares with a slightly raised price target of 108 to 109 euros.
The analysis office reports that Vinci last night published Q3 sales up 26.2% vs 2021 (+12% lfl), 8% above cons. Visible Alpha.
In this context, Vinci confirms its 2022 guidance of an increase in results compared to the level of 2019 with motorway traffic higher than in 2019 and an increase in the margin in construction. And adjusts its airport traffic expectations to approx. 70% of the 2019 level (vs 70% of the 2019 level), reports the broker.
According to Oddo, Vinci is one of the stocks in its sample that is ‘best positioned in the current environment’ with a positive impact of inflation, a limited impact of the rise in interest rates and a fairly limited sensitivity of activities to the economic environment. .
Copyright © 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
