RBC starts Elis at 'sector perform', says stock fairly valued with dependable return potential

Elis SA

24/02/2026 10:04

** RBC Capital Markets starts European textile rental and maintenance services provider Elis ELIS.PA at "sector perform", viewing the stock as fairly valued despite its dependable growth

** The brokerage notes a credible strategy targeting around 4% organic growth and margin expansion, which should support high single-digit earnings per share (EPS) growth

** RBC praises the firm's disciplined capital allocation, noting "buybacks are more likely an 'and' rather than an 'and/or'" in terms of future capital deployment

** The neutral rating reflects concerns over the macro outlook in France and the UK, which generate almost half of group profit, alongside long-term AI risks

** RBC sets its price target at EUR 27.50, derived from a discounted cash flow model, seeing the shares as offering "dependable TSR (total shareholder return) potential" but fairly priced

** All of the 14 analysts covering Elis rate it "strong buy" or "buy"​ - LSEG data

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))