(News Bulletin 247) – Oddo maintains its ‘outperformance’ rating on the Pierre & Vacances share with a price target raised from 1.95 to 2.2 euros.
P&V published a turnover for the first half of 2022/23 above expectations, at 808.8 ME, up 13.1% (with +19.9% for turnover in tourism activities).
For H2, given the portfolio of reservations to date, the group anticipates continued growth in activity, supported by both an increase in PMV (average selling price) and an increase in the number of nights sold, reports Oddo.
The analyst thus says he is ‘confident’ about the group’s ability to continue the proper execution of its strategic plan.
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