Oddo BHF has reiterated its 'outperform' rating and 130 euro price target on Séché Environnement, following the presentation of a new roadmap that 'confirms Séché's growth potential in a structurally buoyant market'.

The research firm notes that the waste treatment group's strategy over the next few years 'will be based on continued development in France and internationally, with sustained organic growth outstripping the GDP rate'.

The analyst adds: "The share's valuation remains modest on the basis of 5.9 times EBITDA and 12.9 times EBIT 2024, i.e. a discount of almost 20% compared with historical ratios, while we anticipate a TMVA 2023/26 of +10% for ROC.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.