Report
Baptiste Lebacq

Tecnicas Reunidas : Une situation qui se normalise

>Opinion Surperformance et OC relevé à 14.5 € - Nous maintenons notre recommandation Surperformance sur le titre avec un objectif de cours porté à 14.5 € vs 13 €, à la suite du relèvement de notre séquence d’EBIT 2021/2023 (de 10% environ). Notre séquence de BPA est de son côté impactée par une hausse du taux d’IS. Malgré une performance YtD de +12%, nous jugeons qu’il reste du potentiel d’appréciation pour le titre qui devrait bénéficier d’un newsflow étoffé via des ...
Underlying
Tecnicas Reunidas SA

Tecnicas Reunidas is a general contractor company based in Spain. Co. engages in the engineering, design, and construction of industrial facilities for refining and petrochemical, oil and gas, power, and infrastructure and industries sectors worldwide. Co. constructs nuclear plants, conventional thermal plants, and renewable energy and cogeneration facilities for power sector; refineries and facilities for petrochemicals; water treatment, desalination, waste management, air, land, and marine transport facilities; and liquefaction, and storage facilities, as well as oil and gas fields and pipelines. Co. also provides engineering, management and operating services for industrial plants.

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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