EDENRED (0MUM – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Hold rating on the stock and has a €25.60 price target.
Hannes Leitner has given his Hold rating due to a combination of factors related to Edenred’s strategic initiatives and current financial activities. The company’s Beyond22-25 plan indicates a solid direction towards sustainable and profitable growth, yet there are concerns about whether certain segments, such as Beyond Fuel, will meet their 2025 targets. This creates an atmosphere of caution for investors.
Additionally, Edenred’s share buyback program has reached a significant level of completion, which could positively impact shareholder value, but the limited information available before the upcoming Investor Update adds to the uncertainty. Therefore, the Hold rating reflects a balanced view of potential opportunities and risks associated with the company’s future performance.
According to TipRanks, Leitner is ranked #843 out of 9192 analysts.
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EDENRED (0MUM) Company Description:
Edenred is a France-listed prepaid corporate services provider operating in 46 countries. The company was listed in 2010 following a spin-off from hotel group Accor. Edenred’s main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide to their employees as an additional benefit. The company is also involved in other areas such as prepaid fuel cards and payment and expense-management systems.
