Bonduelle: Bonduelle's analysts' recommendations | GOOD | FR0000063935

Analyst Oddo BHF today announces that it will maintain its buy recommendation on the Bonduelle stock, after the group announces it is entering into a deal to acquire a packaging plant in Pennsylvania.

This plant, intended for the packaging of frozen products, has a capacity of 45,000 tons on 7 packaging lines and has 140 employees. The finalization of this acquisition is expected in the coming weeks.

'This acquisition allows Bonduelle to overcome its lack of capacity. The group has posted stable growth since 2017/18 for its frozen food business in the United States due to the saturation of its plants, particularly packaging plants. (…) This acquisition is good news. It will allow the group to increase its production capacity in the United States and regain growth in its turnover in deep freeze, Oddo BHF analysis.

The broker reaffirms the passing of its target price of 37 euros. This one augurs a potential of increase of the order of 17%.

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