Oddo BHF maintains its 'outperform' opinion and its price target of 27 euros on Quadient, a stock included in its Midcap Selection, highlighting a 'good operating performance pending a new roadmap'.

The research firm points out that Quadient reported third-quarter sales of 263 million euros (+2% organic) the previous evening, in line with its expectations, leading it to confirm its targets for the group.

Valuation remains extremely modest (4.7 times EBITDA and 7.4 times EBIT 2024), i.e. a 36% discount to historical ratios", points out Oddo BHF, which also notes the recent capital reinforcements by Bpi and Daniel Kretinsky.

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