Analyst Julien Onillon of Stifel Nicolaus maintained a Buy rating on Robertet (0NZN – Research Report), with a price target of €1,100.00.
Julien Onillon has given his Buy rating due to a combination of factors that highlight Robertet’s strong position in the market. The company has demonstrated exceptional performance in its Fragrance division, significantly outpacing competitors with organic growth well above market expectations. This success is attributed to the dynamism of its smaller customers and strategic commercial efforts in key regions such as the US, Middle East, China, and Brazil.
Moreover, Robertet’s Natural Ingredients division has also seen strong growth, contributing positively to the company’s overall performance. Despite some challenges in the Flavours division, Robertet is expected to achieve a substantial increase in adjusted net profit, driven by its operational leverage and strong demand in certain segments. Additionally, the company’s relatively low debt level and potential for further acquisitions, alongside its undervalued stock price compared to competitors, reinforce the positive outlook and justify the Buy rating.
0NZN’s price has also changed slightly for the past six months – from EUR829.000 to EUR837.585, which is a 1.04% increase.