(News Bulletin 247) – Euroland initiated coverage of the LDC stock on Thursday with a buy recommendation and a target price of 164 euros, representing an upside potential of 38%.
In a research note, the research department estimates that the stock market valuation of the French leader in the poultry industry currently seems to it “far removed from its fundamentals”.
The analyst highlights in particular “highly attractive” and discounted multiples, both in historical terms and vis-à-vis its comparables, which according to him materialize the possibility of a revaluation.
Euroland also adds that with an average growth expected around 5% by 2026 for EPS as for the dividend, the value ticks ‘a certain number of boxes’.
‘Despite a few minor points of vigilance (ESG controversy, lack of ‘sexy’ activity, low liquidity of the title), LDC undoubtedly offers a risk/reward ratio that leans on the right side,’ he concludes.
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