Fountaine Pajot's share price is well positioned on the Paris Bourse on Wednesday, as analysts at Portzamparc have included the catamaran manufacturer in their "High Five" list of preferred mid-range stocks.

The research firm, which highlights a "double-digit" order book for the 2022/2023 financial year, has issued a Buy recommendation on the stock, along with a price target of 169 euros, representing a potential upside of 33%.

Portzamparc also highlights price effects that should start to have an impact on margins, as well as a favorable product/customer mix that should become more pronounced in the second half of the year.

Analysts also point to valuation multiples that are "still behind" those of the Group's peers, with an Enterprise Value/Ebit ratio of 2.5x compared with 3.7x to 7.2x for the sector.

At around 12:15 pm, Fountaine Pajot was up 2.5%.

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