Report

Croissance ralentie, mais valorisation toujours modeste - ACHAt - OC 71€ (vs 68€)

Les résultats semestriels publiés en juillet ont été poussifs mais une importante relocation améliorera les profits de 2016. De façon générale, le commerce en pied d’immeubles subit la crise de la distribution indépendante mais le résultat récurrent devrait reprendre sa croissance et le multiple de valorisation est parmi les plus bas des foncières, alors que l’intérêt spéculatif s’accroît par l’apparition d’un deuxième actionnaire conséquent. Opinion ACHAT réitérée, avec un objectif de cours porté à 71€ vs 66€ précédemment.
Underlying
Selectirente SA

Selectirente SA is a France-based company that acquires, manages and rents the real estate assets. The Company specializes in assets?primarily in the city center and to a lesser extent on the outskirts. These rental assets are rented to national distribution brands and independent merchants. The Company operates in France, Belgium, and Germany.

Provider
Invest Securities
Invest Securities

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.

Other Reports on these Companies
Other Reports from Invest Securities

ResearchPool Subscriptions

Get the most out of your insights

Get in touch