2023-12-04 10:41:02
While adjusting its price target from 2.2 to two euros, Oddo BHF maintains its ‘outperform’ opinion on Pierre & Vacances, saying it is ‘confident in the group’s ability to continue the successful execution of its strategic plan’.
‘We believe that the group has several catalysts’, affirms the design office, which thus points to a ‘unique positioning oriented towards local tourism’ and a ‘renovated park making it possible to improve occupancy rates and prices ‘.
Oddo BHF also mentions confidence in the group’s ability to manage high inflation, a net cash situation and a valuation which reflects a discount of around more than 30% compared to the historical average.
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