(News Bulletin 247) – Oddo BHF maintains its ‘underperformance’ recommendation on Laurent-Perrier with an unchanged target price of 130 euros, and a sequence of EPS slightly raised following the publication of the house’s annual results. Champagne.
“We continue to maintain that the fundamentals of the group remain solid, however the momentum could be less favorable in the short term and limit the progression of the results”, warns the analyst, who also points to a high basis of comparison.
In addition, the research department estimates that the current valuation of Laurent-Perrier is high, according to him showing a premium of 22% compared to the CAC Mid 60 index against a historic premium of 6%.
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