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FDR - Fluidra SA News Story

€25.25 0.2  0.6%

Last Trade - 09/04/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.23bn
Enterprise Value £4.73bn
Revenue £1.31bn
Position in Universe 60th / 730

BUZZ-Fluidra: The right product offering at the right time - HSBC ups

Mon 25th January, 2021 8:04am
** HSBC upgrades Spanish pool and wellness equipment company
Fluidra  FLUI.MC  to "buy" from "hold", saying strong trading
conditions in the swimming pool sector continued into Q4 on both
sides of the Atlantic
    ** The increased likelihood of more lockdowns, travel
restrictions and COVID-19-driven constraints should reinforce
the long-term growth trends of the swimming pool industry, HSBC
says in a note
    ** "Fluidra is a play on the work-from-home and cocooning
trend which is pushing a number of households to spend money on
their homes", the broker points out
    ** HSBC says Fluidra's 2021 order book looks full, expecting
the company to beat consensus both in 2020 and 2021
    ** Brokerage raises Fluidra's target price by c. 24% to 23
euros from 18.5 euros
    ** Among the 14 analysts that cover Fluidra SA, the
breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell."
    

 (anita.kobylinska@tr.com)
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