(News Bulletin 247) – Oddo BHF reiterates its ‘outperformance’ opinion on Quadient with a price target raised from 24 to 26 euros, after the group confirmed its objectives for the whole of the current financial year, at the occasion of the Nextcap Forum.
“Management should soon (end of 2023, beginning of 2024) present its new roadmap (2026?) which, in our opinion, should reflect a new dynamic of growth, among other things for profitability”, estimates the analyst.
‘As mentioned several times, the hidden value is real (ICA potential, cf. valuation of software companies and PLS). The valuation remains particularly moderate (4.6 times EBITDA and 7.3 times EBIT 2024)’, he continues.
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