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Allfunds Group Plc : Solid H1 figures and improved outlook warrant higher valuation multiples, TP upped to € 7
>TP upped to € 7 and Outperform reiterated, current sell-off a good entry point - On the back of excellent H1 figures and a good outlook for H2, which likely will lead to ALLFG reaching the top end of its guidance range on key metrics, we marginally increase our 2024 revenue and adj. EBITDA forecasts by 1% and 2.4%. Our new estimates are in-line with consensus on the top line and 1.6% ahead on EBITDA. Consequently, we up our TP to € 7 and reiterate our Outperform rati...
Underlying
ALLFUNDS (UK) LTD
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Julian Dobrovolschi
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