Oddo maintains its 'outperform' rating on the Pierre & Vacances share, with its target price raised from 1.95 to 2.2 euros.

P&V has published better-than-expected sales for the first half of 2022/23, up 13.1% to 808.8 ME (with +19.9% for tourism activities sales).

For H2, given the bookings portfolio to date, the group anticipates continued growth in business, underpinned by both a rise in ARP (average selling price) and an increase in the number of nights sold, reports Oddo.

The analyst is therefore 'confident' in the group's ability to continue the successful execution of its strategic plan.


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