Orpea: Société Générale raises target price.

(CercleFinance.com) - Société Générale (SG) welcomed the annual accounts published by Orpea, the retirement home management company.

Maintaining its buy rating on the stock, SG analysts have also raised their 12-month target price from 93 euros to 100 euros.

SG analysts point out that “Orpea's robust growth will continue in 2017 as the group pursues its wellmanaged development through both M&A and reinforcing its real estate holdings. The growth outlook remains attractive, and in our view warrants a high valuation.”

'Orpea's growth will remain robust in 2017, with developments under control in terms of mergers and acquisitions and the strengthening of property ownership. The group's growth prospects remain attractive, justifying in our opinion a high valuation, 'argues a research note.


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