Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : Hope in the midst of despair

>Buy recommendation and target price of € 13.0 maintained - Following the reassuring publication of Q1 2020 performances, we maintain our Buy recommendation on the stock. We organised the group’s virtual road show through two conference calls with management. At the end of this sequence, we refined our anticipation of the 2020 trajectory. Given the reported sensitivity to the lockdown scenario, we have edged down our 2020 estimate down by -5%. At this stage, it seems ...
Underlying
SUEZ SA

Suez is active in each stage of the water and waste cycles. Co. is organized around three main segments: Water Europe (water distribution and treatment services, particularly under concession contracts, to individuals, local authorities and industrial clients); Waste Europe (waste collection and treatment services for local authorities and industrial clients; these services include collection, sorting, recycling, composting, energy recovery and landfilling for both non-hazardous and hazardous waste) and International (water, waste and engineering services, with a special focus on risk-management resulting from specific local environments by setting up partnerships).

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
Louis Boujard, CFA

Philippe Ourpatian

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