Bureau Veritas falls as FY results upside is already priced-in

Bureau Veritas SA

25/02/2025 09:09

** Shares in Bureau Veritas  BVI.PA  fall 4.5% as the upside
from FY results slightly above guidance has been already
priced-in
    ** Up until Monday's close, the shares rose about 7.3% over
the past two weeks
    ** Analysts cite peer SGS'  SGSN.S  results on February 11
as a price catalyst
    ** Bureau Veritas' "results are nothing incrementally
positive," says one of the analysts
    ** Jefferies sees the print "solid and guidance reassuring",
while J.P. Morgan cites "strong organic growth and FCF" - both
brokers however see any near-term upside as limited given the
stock's valuation
    ** The stock is heading for a biggest single-day drop since
end-Oct 2023, and sits at the bottom of France's blue-chip index
CAC 40  .FCHI , which it has recently joined

    
    
  

 (Reporting by Johan Bodinier in Gdansk)
 ((johangeorgesroger.bodinier@thomsonreuters.com))