While maintaining its 'neutral' position on Bic, UBS has lowered its target price from €67 to €62, a new target that implies 8% upside potential for the stock of the manufacturer of disposable pens, lighters and razors.

For the second quarter, the broker forecasts organic sales growth of 2% and an adjusted EBIT margin of 16.2% (-30 basis points year-on-year), placing its quarterly profit estimate 2% below consensus.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.