Royal BAM Group : A Two challenging years ahead, Neutral maintained
>Neutral maintained, price target unchanged at €2.30 per share - Although the risk profile of BAM continues to improve and the balance sheet is robust, we retain our Neutral rating with an unchanged price target of €2.30 per share. The outlook for 2023 is tough with various end markets under pressure, high (wage and building material) inflation and uncertain supply chains. Given the developments in residential permitting and issues with affordability (higher mortgage ...Koninklijke Bam is a construction group based in the Netherlands. Co. is active in the sectors construction, property, civil engineering, public private partnerships, mechanical and electrical contracting, consultancy and engineering, and facilities management. Co. maintais market positions in the Netherlands, Belgium, the United Kingdom, Ireland and Germany. Co. undertakes specialist construction and civil engineering projects in niche markets worldwide. Co.'s consultancy and engineering company provides services to global clients with their international operations.
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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