Remy Cointreau : No new message on organic growth trajectory for FY 2023-24e and FY 2024-25e
>Outperform maintained and target price unchanged at € 125 - We maintain our Outperform recommendation on Rémy Cointreau and we maintain our target price at € 125. At 24x P/E NTM, Rémy Cointreau’s valuation still represents an unprecedented entry point to the stock with quality fundamentals which has historically traded at 33x P/E NTM. Moreover, the publication of FY 2024-25e results starts on 26 April with sales that should help the market turn the page on the downtu...Remy Cointreau is an operator in the global wines and spirits market. Co. produces, markets and distributes Cognac, Liquors and Spirits and other non-group brand alcoholic beverages. Co.'s primary cognac brand is Remy Martin, produced from Petite Champagne and Grande Champagne eaux-de-vie. Co.'s principal liquor and spirits include the following brands: Cointreau, Passoa, Metaxa, St Remy, and Mount Gay. Co. also operates a distribution network that handles products from partners and third-party companies. Major non-group products distributed by Co. include Scotch Whiskies (Edrington brand), Champagne (Piper-Heidsieck and Charles Heidsieck brands) and Vodka.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.