(Boursier.com) — vinci remains stable at 108 euros on Friday. Following the last meeting to present its 2022 annual results, the group specified the expected trajectory of its accounts this year: At this stage, excluding exceptional events, the management envisages for 2023 a further increase in its turnover and its operating income, which is however more modest than that observed in 2022. Also, despite the significant increase in financial expenses, its net income should be slightly above its 2022 level…
After an exceptionally high level of customer receipts at the end of 2022 and given a significant increase in investments expected in 2023 in airports and renewable energies, the group’s free cash flow could settle – at first glance – within a range of 4 to 4.5 billion euros in 2023.
Among the latest opinions from analysts, Berenberg raised its target from 105 to 120 euros, while RBC had already raised its target from 110 to 125 euros (‘outperform’). JP Morgan had also upgraded the title from 117 to 124 euros with an opinion to ‘overweight’, while Deutsche Bank raised its target to 129 euros.
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