Elior: Ahead of CMD on 26th June
Elior: (BUY-TOP PICKS, Fair Value EUR17.5 (+24%))Ahead of CMD on 26th June
In the last few months, the share price has been in free fall following Philippe Salle’s departure, disappointing results and a change at the helm of the company with the arrival of a new CEO, a new CFO and some other major changes. Actually, and despite a slight rebound recently, the stock is still down over 40%. However, we estimate that the current situation is less worrying than implied by such share price action and we estimate that the CMD on 26th June will be the expected catalyst. Buy.
Elior is a contracted food and support services group based in France. Co. provides personalized catering and service solutions to 3.7 million customers in the business & industry, education, healthcare, leisure and travel markets through 17,500 restaurants and points of sale in 13 countries. Co. offer solutions in two core segments, Contract Catering & Support Services (provides foodservice solutions to Business & Industry, Education and Healthcare as well as support services for facilities management and cleaning services) and Concession Catering & Travel Retail (food service solutions for motorways, airports, railway stations and leisure).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.