Porté par les rumeurs (même négatives) - ACHAT - OC 31€
Un article posté sur le site de BFM TV qui se voulait à charge contre Lagardère auquel est venu s’ajouter la rumeur d’une potentielle prise de participation du conglomérat chinois HNA dans Dufry, (principal concurrent de Lagardère Travel Retail), ont contribué à remettre sous le feu des projecteurs la valeur de l’activité de Lagardère Travel Retail. Valorisée sur des bases similaires à celles de Dufry, la valeur de Lagardère Travel Retail est de 2,9Mds€ conformément à notre estimation. Ceci conforte le bien fondé de la stratégie de Lagardère et le caractère « value » du titre. Nous ne modifions pas nos prévisions et notre objectif de cours de 31€. Opinion ACHAT maintenue.Lagardere Groupe is a holding company. Through its subsidiaries, Co. is engaged in the media industry (news, education, culture and entertainment businesses). Co.'s main activities in the media industry can be divided into four separate divisions. Lagardere Publishing includes Co.'s Book Publishing and e-Publishing businesses. Lagardere Active encompasses Co.'s Magazine Publishing, Audiovisual (Radio, Television, Audiovisual Production), Digital and Advertising Sales Brokerage businesses. Lagardere Services encompasses the Travel Retail and Distribution businesses. Lagardere Unlimited specializes in sports and entertainment.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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.