Report
Robert Jan Vos

JDE Peet's N.V. : Target price cut to € 34.5 and Neutral maintained following H1 2021 update

>Revenue in line with forecasts, but EBIT and EPS ahead of estimates - JDE Peet’s reported sales in line with our forecasts, but EBIT, net profit and EPS came in 7-13% higher than our estimates and consensus. Organic sales growth was 4.2%, with a 3.7% contribution from volume/mix and 0.4% from pricing. To our disappointment, JDE Peet’s no longer provides pricing information per division, and we fail to see how this information is competitively sensitive enough to prev...
Underlying
JDE Peet's NV

Provider
Oddo BHF
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.

Analysts
Robert Jan Vos

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