(AOF) – Citi takes over the monitoring of Elior Group with a “Neutral” recommendation and a price target reduced from 4 euros to 3.30 euros. Elior’s revenue from continuing operations amounted to €3.41 billion for the first nine months of the 2021-2022 financial year, up 22.9%, of which 20.3% in organic. Since then, the title has been revalued by 60% (based on the PER for the current financial year).
But this revaluation must be put into context: Elior has still lost 49% since the start of the year, underline Citi analysts who prefer Sodexo on which they are Buying. They see Sodexo as a competitor that could benefit from Elior’s development into a more rational competitor.
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