Report
Baptiste Lebacq

Saipem : Financing operation complete, time to deliver results

>Resumed coverage: Neutral recommendation. TP €1 - Following completion of the capital increase, we have resumed coverage of the share with a Neutral rating and a TP of € 1 (based on the value of shareholders’ equity per share). There are still many other more attractive stocks in the sector boasting higher upside, hence our Neutral recommendation. Financially, Saipem is in working order, the market should now focus on the group’s profitability and its ability to...
Underlying
SAIPEM S.P.A.

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
Baptiste Lebacq

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