(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ rating on the Carbios share, with a price target raised from 45 to 64 euros, considering that the latest advances are reassuring and encourage optimism.
For the analysis office, Carbios offers ‘a disruptive enzymatic recycling solution for the plastic waste market’.
In this context, the exclusive partnership with Novozymes for the sale of enzymes, the partnership with the world leader in PET Indorama for the Longlaville plant, the obtaining of State subsidies and the new strategic plan based on a of premium licenses make it possible to envisage an acceleration of growth over the next few years.
The analyst thus notes his scenario: ‘The growth expected over the next few years is very strong with a turnover estimated at 750 ME in 2035 for an EBITDA margin of 55%’, concludes Oddo BHF.
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