Remy Cointreau : ORPAR (the group’s holding company) multiplies share buybacks
>Outperform maintained and target price unchanged at € 125 - We maintain our Outperform recommendation on Rémy Cointreau and our target price of € 125. The group should very likely return to growth in 2024, supporting the re-rating of the stock the valuation on which is low relative to historical levels. At an NTM P/E of 25x the stock is trading 24% below its 10-year average of 33x and the group's valuation multiple vs staples stands at +16% vs a 10-year average of +4...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.