Berenberg upgrades Pluxee to 'buy' on positive growth and regulatory outlook

Pluxee

21/01/2025 07:49

** Berenberg upgrades Pluxee  PLX.PA  to "buy" from "hold"
seeing an optimistic growth outlook and a positive regulatory
outlook in 2025
    ** The broker says Pluxee's Q1 results, published on January
8, highlight the momentum in business development and underlying
trends
    ** It notes the company benefits from a comfort surrounding
the regulatory outlook after a year of share underperforming
partly due to concerns surrounding potential negative regulatory
updates
    ** Berenberg believes that current guidance, which is 
ahead of consensus expectations, is achievable and that the
current valuation more than accounts for potential earnings risk
    ** It maintains its 30 euros ($31.13) target price
    ** Out of 15 analysts that cover Pluxee, five rate the stock
"strong buy" or "buy", ​nine rate "hold" and one rates the stock
"sell"

($1 = 0.9638 euros)

 (Reporting by Mathias de Rozario in Gdansk)
 ((mathias.derozario@thomsonreuters.com))