© Reuters. Spie: recessed on a note adverse
Spie (PA:SPIE) is down 2.6% on the background of the about unfavourable Jefferies, which initiates a follow-up on the title of the group of multi-technical services with an opinion ‘under-performance’ and a target price set at 14.30 euros.
‘We believe that the current valuation of Spie does not take into account just the pressures of margin on two-thirds of the EBITA, the high level of debt and value creation mixed by mergers and acquisitions,” says the broker.
According to the financial intermediary, the estimates of the margins of the company remain optimistic and he said to his bottom, respectively, 3% and 5% to the consensus of earnings per share for the years 2018 and 2019.
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