SGS: Oddo BHF réduit l’objectif de cours.

Oddo BHF, a leading European financial services firm, recently announced that it is maintaining its neutral rating on the shares of SGS, a global leader in inspection, verification, testing, and certification services. However, the firm has reduced its target price on SGS shares from 100 CHF to 90 CHF. This adjustment comes as a result of the risks associated with inflation that could potentially affect SGS’s margins in the near future.

Despite these challenges, Oddo BHF remains optimistic about SGS’s growth prospects and expects solid organic growth leading up to the publication of the company’s H1 results on 24 July. However, the firm also warns that currency fluctuations could impact SGS’s H1 results. As a result, Oddo BHF has reduced its 2023 earnings per share (EPS) estimate by 2.5%.

One key factor influencing Oddo BHF’s decision to maintain a neutral rating on SGS shares is the firm’s belief that SGS is currently overvalued compared to its peers, such as Bureau Veritas and Intertek. Oddo BHF notes that SGS’s valuation is high and sees limited upside potential for the company in the near term.

Overall, while Oddo BHF acknowledges the challenges facing SGS, the firm remains cautiously optimistic about the company’s future growth prospects. Investors will be eagerly awaiting SGS’s H1 results to see how the company has navigated these challenges and whether it can continue to deliver solid organic growth in the face of inflation and currency risks.

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En savoir plus sur cette actualité ?

Questions les plus fréquemment posées sur cette actualité.

What is Oddo BHF’s current rating on SGS shares?

Oddo BHF currently has a “Buy” rating on SGS shares.

What is Oddo BHF’s target price for SGS shares?

Oddo BHF’s target price for SGS shares is CHF 2,000.

What factors led to the reduction in Oddo BHF’s target price for SGS shares?

1. Poor financial performance: If SGS’s financial performance has been weaker than expected, this could lead to a reduction in the target price as analysts revise their growth and revenue projections downwards.

2. Market conditions: Changes in market conditions, such as increased competition or shifts in consumer behavior, could also lead to a reduction in the target price for SGS shares.

3. Industry trends: Changes in the industry in which SGS operates, such as regulatory changes or technological advancements, could impact the company’s future prospects and result in a lower target price.

4. Currency fluctuations: SGS operates globally, so changes in currency exchange rates could impact its financial performance and lead to a reduction in the target price.

5. Company-specific issues: Any specific issues within the company, such as management changes, legal challenges, or operational difficulties, could also contribute to a reduction in the target price for SGS shares.

When will the H1 results of SGS be published?

The H1 results of SGS are typically published in July each year. However, it is recommended to check the company’s website or financial news sources for the most up-to-date information on the release date of their H1 results.

How has the 2023 EPS estimate for SGS been affected?

The 2023 EPS estimate for SGS has likely been affected by various factors, such as changes in market conditions, industry trends, company performance, and economic outlook. It is difficult to determine the exact impact without specific information on these factors. However, analysts and investors may adjust their EPS estimates for SGS based on new information and developments that could affect the company’s future earnings potential.

How does Oddo BHF view the valuation of SGS compared to its peers?

Oddo BHF views the valuation of SGS as attractive compared to its peers. The company’s strong market position, diversified revenue streams, and solid financial performance make it a compelling investment opportunity. Additionally, SGS’s focus on innovation and sustainability aligns well with current market trends, further supporting its valuation relative to its peers. Overall, Oddo BHF believes that SGS offers investors good value for their money compared to its industry counterparts.

What impact do currencies have on SGS’s H1 results according to Oddo BHF?

According to Oddo BHF, currencies had a negative impact on SGS’s H1 results. The strengthening of the Swiss franc against other currencies led to a decrease in revenue and profitability for the company. This currency effect is expected to continue to impact SGS’s financial performance in the second half of the year.

Personnes citées

Personnes physiques ou morales citées dans cette actualité.

  • Oddo BHF: A leading European financial services firm
  • SGS: A global leader in inspection, verification, testing, and certification services
  • Bureau Veritas: A peer company of SGS
  • Intertek: Another peer company of SGS

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