Beiersdorf : Acquisition of Chantecaille
>A deal that should be well received - Neutral recommendation maintained, with a target price of € 90. The stock remains penalised by a PER that appears high, a lack of visibility on the operating margin and the disappointment on the decline of La Prairie in Q3. In this regard, the newly imposed restrictions do nothing to prompt investor confidence. The announcement of the acquisition of the Chantecaille brand should be well received; this is a positive signal on...Beiersdorf manufactures and distributes consumer goods. Co. operates in two business segments: consumer, which is Co.'s main business that focuses on the skin and body care markets, with products including NIVEA's Deodorant Invisible for Black & White, NIVEA Deodorant Stress Protect, NIVEA In-Shower Body Lotion, NIVEA Cellular Anti-Age face care, and Eucerin's VOLUME-FILLER; and tesa, which develops, produces, and markets self-adhesive products and system solutions for industry, craft businesses, and consumers. In the electrical industry, the tesa business segment's adhesive systems are used in mobile devices such as smartphones, tablet personal computers, and MP3 players.
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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