Berenberg announced on Wednesday that it had raised its target price for Sodexo from 91 to 96 euros, while renewing its buy recommendation on the stock.
In a research note, the financial intermediary hails the "solid end to the year" achieved by the foodservices group at the end of a year of transition, marked in particular by the demerger of Pluxee.
The analyst points out that the company also undertook to simplify its shareholder structure by selling its shares in the Sofinsod holding company, while generating robust organic growth and improving margins.
All in all, these factors have led to an increase in the share price this year," he recalls, "as well as the distribution of some nine billion euros in dividends.
As we approach 2025, Berenberg remains positive about Sodexo's prospects, judging the company's forecasts to be "achievable", which leads it to anticipate a solid performance for the share once again.
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Sodexo is a world leader in food and facilities management services. The group offers onsite services: meal preparation, management of restaurants, reception and conference centers, reception services, mail processing, transport, cleaning, gardening, technical maintenance, security, facility management, sanitation, etc.
Net sales break down by market between companies and government departments (48%), healthcare facilities and senior-citizen residences (24%), schools and universities (19%) and entertainment (9%; Sodexo Live!).
Net sales are distributed geographically as follows: Europe (35.5%), North America (46.7%), and other (17.8%).
SODEXO 
