SODEXO : Deutsche Bank raises its price target
With the foodservices group due to publish its third-quarter results on October 26, the analyst now expects organic growth of 11.1% for an adjusted operating margin of 5.6%.
He points out that the consensus is for organic growth of 11% for an operating margin of around 5.5%.
In its note, the intermediary believes that Sodexo is on track to achieve the targets it has set itself, i.e. organic growth of 6% to 8% for the 2024/2025 period, accompanied by an operating margin of over 6%.
However, due to the planned spin-off of its benefits and rewards business, Deutsche Bank expects the Group to adjust these forecasts to 5% to 7% growth and a margin of between 5.3% and 5.5%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction