Greenyard NV : Betting on a plant-based future - TP raised to € 14, Outperform reiterated
>TP raised following Greenyard’s new ambitions for 2025 - Following Greenyard’s Capital Market Days (CMD) on 7-9 December, which outlined new, more ambitious goals for 2025, we raise our estimates. Consequently, we raise our target price to € 14 from € 13 previously, an increase that reflects the higher outcome of our DCF. We reiterate our Outperform recommendation, highlighting: 1) Greenyard’s on-trend position in food; 2) its reduced earnings volatility, driven by ...Greenyard processes and commercializes fruits, vegetables, and ready-to eat food products in France, the United kingdom, Germany, Belgium, other EU-countries, and internationally. Co.'s operation is divided into two divisions: The frozen division known as Pinguin and the canning division under the name of Noliko. The Frozen division offers frozen vegetables and fruits, deep-frozen vegetable dishes, and ready-to-use meals to retail, food service, and food industry. The Canning division processes vegetables and fruit from the field into preserved foods in cans and jars. The division also prepares ready-to-eat food such as soups, sauces, dips and pasta dishes.
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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