Basic-Fit N.V. : Destined European fitness winner with implied strong capital market support
>Outperform reiterated and target price increased to € 43/share - We increase our target price for Basic-Fit to a pre-COVID-19 level of € 43, up from € 32.5/share. We reiterate our Outperform recommendation. Our previous target price included a discount to reflect the uncertainties related to government-imposed COVID-19 restrictions. Although c.95% of Basic-Fit’s clubs are still closed, we are starting to see a brighter light at the end of the COVID-19 tunnel (ie, bas...Basic-Fit NV is an operator of fitness centers based in the Netherlands. The Company operates more than 350 fitness clubs in the Netherlands, Belgium, France and Spain.
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.
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