Sligro : Recommendation raised to Outperform as market recovery looks imminent
>We upgrade our recommendation on Sligro to Outperform - Following Sligro’s Q1 2021 trading update and taking into consideration that the unlocking of markets by governments in the Netherlands and Belgium looks imminent, we upgrade our recommendation on Sligro to Outperform from Neutral. The scenario of a recovery towards pre-COVID-19 levels in H2 2021 is becoming increasingly likely and we thus raise our target price to € 27 from € 20. Our TP is based on DCF and now ...Sligro Food Group NV is a company engaged in the food distribution industry, based in the Netherlands. It divides its business into two segments: Food Retail activities comprise around 130 full-service EMTE supermarkets with 30 operated by independent retailers; Food Service offers nationwide network of cash and carry and delivery service outlets serving large and small-scale hospitality, establishments, leisure facilities, volume users, company and other caterers, forecourt retailers, small and medium-sized enterprises, smaller retail businesses and the institutional market. The Company serves the institutional market trading under the name Van Hoeckel and the other segments of the market as Sligro. The Company's subsidiaries include CaterTechBV and Bejaco NV, including its subsidiaries JAVA BVBA and Freshtrans BVBA, jointly known as JAVA Foodservice.
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.