NEXITY : Oddo BHF raises its opinion
The analyst sees Nexity's entry into exclusive negotiations to sell its retail services business to Bridgepoint as a 'good opportunity to reduce the group's debt, with a sale price that appears to value the business correctly'.
While 'earnings growth in 2023 and 2024 will be strongly affected by the economic climate', the analyst highlights the relative resilience of Nexity's bookings compared with the sector, and considers its valuation multiples 'now relatively modest'.
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