The group’s operating profit has been entirely driven by RM. L&S seems to be somewhat weak. The group upgraded guidance in terms of the organic operating profit. We do not, however, expect this to have a material change to our recommendation. We maintain our view that the stock is expensive and the upside is quite limited.
07 Jun 2018
FY in line with expectations, the stock is pricey
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY in line with expectations, the stock is pricey
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
07 Jun 2018 -
Author:
Anna Zyniewicz -
Pages:
3
The group’s operating profit has been entirely driven by RM. L&S seems to be somewhat weak. The group upgraded guidance in terms of the organic operating profit. We do not, however, expect this to have a material change to our recommendation. We maintain our view that the stock is expensive and the upside is quite limited.