Schoeller Bleckmann : Recovery should accelerate in H2 2021
>Outperform maintained and target price raised to € 48 - Following the publication of 2020 results and in the wake of the adjustment to our oil scenario, we have revised up our EPS forecasts by 30% for 2021-2023. The stock shows a gain of close to 30% YTD and stands close to 15% above its pre-COVID levels! Following the upward revision to our forecasts, we have raised our target price to € 48 (vs € 43) and are maintaining our Outperform recommendation on the stoc...Schoeller-Bleckmann Oilfield Equipment is engaged as a producer of high precision components and a supplier of oilfield equipment for the oilfield service industry. Co. focuses on non-magnetic drillstring components (non-magnetic drill collars) and downhole tools for drilling and completing directional and horizontal wells. The High Precision Components segment consists of the manufacturing of MWD (Measuring While Drilling) and LWD (Logging While Drilling) precision drillstring components. The Oilfield Equipment segment comprises production and distribution of non-magnetic drill collars, drilling motors and tools for downhole circulation applications, repair and maintenance services.
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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