Rémy Cointreau : Un CA du T3 23/24e qui devrait être pénalisé par le destockage en Chine
>Surperformance maintenue et OC inchangé à 129 € - Nous maintenons notre opinion à surperformance sur le titre Rémy Cointreau et laissons notre OC inchangé à 129 €. La valorisation du titre reste attractive en absolu (PE NTM de 22x -33% sous sa moyenne 10 ans) comme en relatif (prime de +4% vs l’univers staples vs +40% sur les 10 dernières années), alors que le momentum très dégradé de l’exercice 23/24e est bien intégré par le marché et que celui du FY24/25e devrait a...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.
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