Updated assumptions and a lower target price

28/03/24 -"The decrease in the target price follows the updating of our model. The main impact has been on the comparison-based valuations. The group’s activities are sensitive to GDP growth and the economic ..."

Executive summary
Conflict of interest

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Language

English

Published on

28/03/24

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EXECUTIVE SUMMARY

Updates

Pension Risks

Target & Opinion

Governance & Management

Business & Trends

Graphics : Momentum

Money Making

Graphics : MACD & Volumes

Debt

Graphics : Sensitivities

Valuation

Sector: Performance

DCF

Sector: Key data

NAV/SOTP

Sector: Ratios & Valorisation

Worth knowing

Sector: Peers

Financials

Sector: Analysis

CONFLICTS OF INTEREST

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Corporate broking

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