(News Bulletin 247) – While maintaining its ‘neutral’ opinion, Oddo BHF lowers its price target from 3.20 to three euros, after a publication from which it appears that ‘Prodways has chosen to ‘sacrifice’ a few points short-term margins to ensure sustainable organic growth’.
If this “commercial and also technological push” seems to him quite appropriate, the analyst thinks that “the 2028 objectives ultimately present few surprises and should not generate any particular enthusiasm”.
‘The fundamentals remain solid (recurring revenues, profitability well above the sector average, healthy balance sheet) but are reflected in the valuation (11.9 times for the 2023 EV/EBITDA ratio, a slight discount compared to peers)’, he continues.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
