Grolleau: ready to change dimension, according to Euroland
The brokerage firm, which called the stock its "nugget of the week", believes that the French group moved up a gear last year with the takeover of Italy's OMP Mechtron.
This operation, which will be integrated in several stages, should enable Grolleau to double in size over time and improve its financial profile thanks to significant commercial and operational synergies", stresses Euroland.
The investment services provider also points out that Grolleau is exposed to growth markets, such as the energy transition.
With a track record spanning several decades in the supply of outdoor equipment for protecting and securing technologies, mastery of the entire value chain, recognized products serving well-known customers and a transforming acquisition, the group is now equipped to change dimension and write a new page in its stock market history", it stresses.
Euroland began monitoring the stock at the end of April, with a buy recommendation and a target price of 8.80 euros, representing a potential upside of 37% compared with current prices.
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