(News Bulletin 247) – Oddo BHF reaffirms its ‘outperformance’ opinion on Séché Environnement, a security appearing in its selection of midcaps for the first half of 2023 (Convictions Midcap H1 2023) with a price target raised from 130 to 135 euros.
From his exchanges at the Nextcap forum, the analyst retains a speech from the management which is in line with the trends of the first quarter, confirming continued growth both in France and internationally and good control of margins.
‘Despite a remarkable stock market performance, the valuation remains modest posting a discount of 12% compared to historical ratios while the growth dynamic is confirmed (TMVA 2022/25 +14% for EBIT)’, he underlines Moreover.
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.
