Quadient: Oddo BHF lowers target price

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Quadient shares, with a price target lowered from E30 to E27.


As a reminder, last night Quadient published Q3 sales of E263m (E266.3m estimated, E266m for css) vs. E261m up 0.8% and 0.3% in organic terms.

For the full year, management confirms organic growth for both the topline and EBIT, validating our current expectations, the analyst reports.

Oddo BHF considers that the valuation remains extremely moderate (4.4x 2025 EBITDA and 7.3x current EBIT), i.e. a 31% discount to historical multiples.


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