© Reuters. Bureau Veritas: finish in the green,UBS is her goal
The title ends up in the green enjoying the raising price target of UBS. The desktop analysis has confirmed this morning its board of purchase on the title of the specialist in certification and compliance. The target price for 12 months is increased from 22.8 to 25 euros (+ 9,6%) before the investors ‘ days which will be organized by the group on 7 and 8 December.
‘We expect that Bureau Veritas (PA:BVI) are reassured on the progress towards the achievement of its objectives in horizon 2020’, predicts UBS.
Acquisitions remain a key factor of value creation within the group, which intends to increase its turnover of 750 million euros by 2020. According to UBS, it is wrong that the market shows to be doubtful about this : certainly, in the past five years, Bureau Veritas has recently had trouble with, for example, the acquisition of Maxxam, 2014.
But since then, the group has responded well and is now focused on targets smaller, less risky and usually less expensive’, ” says UBS.
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