Groupe LDC's shares slip on profit taking

Societe Ldc SA

22/05/2025 12:41

** Shares in Groupe LDC LOUP.PA down 4.4% after the French poultry company on Wednesday posted broadly in-line full-year results, prompting investors to cash in on an all-time high valuation

** "Groupe LDC published annual results in line with its targets but slightly below our expectations," analysts at MidCap Partners say in a note

** Brokerage points out that the company is accustomed to being cautious but "for once" has achieved its target without any positive surprises

** The stock closed at EUR 86.1 on May 21, an all-time high

** "The stock could suffer from profit-taking this morning, which will allow us to rebuild potential," broker adds

** The group said it should achieve its sales target of EUR 7.0 billion and EBITDA of EUR 560 million a year ahead of schedule

** Out of 5 analysts that cover Societe LDC, five rate the stock "strong buy" or "buy."

(Reporting by Hugo Lhomedet)

((Hugo.Lhomedet@thomsonreuters.com;))