Vivendi: share price soars, a broker raises its target

Vivendi: share price soars, a broker raises its target

Vivendi’s share price gains more than 19% in Paris, while this morning Oddo kept its ‘neutral’ rating on the share, while raising its target price from 25 to 28 euros. Vivendi announced on Saturday that it would distribute 60% of UMG’s capital to its shareholders and then list the company in the Netherlands, according to the broker Oddo, who reported this morning that this « naturally positive » operation is part of a broader context of simplification of the Bolloré, Vivendi and therefore UMG structures. The next step could be a continuation of the simplification between Bolloré and Vivendi,’ says the broker.Copyright (c) 2021 CercleFinance.com. All rights reserved.

Vivendi’s share price gains more than 19% in Paris, while this morning Oddo kept its neutral rating on the stock, while raising its target price from 25 to 28 euros.

Vivendi announced this Saturday that it will distribute 60% of UMG’s share capital to its shareholders and then list the company in the Netherlands, Oddo reported this morning.

For the analyst firm, this ‘naturally positive’ operation is part of a broader context of simplification of the Bolloré, Vivendi and therefore UMG structures. The next step could be a further simplification between Bolloré and Vivendi, » the broker said.

Copyright (c) 2021 CercleFinance.com. All rights reserved.

Vivendi: share price soars, a broker raises its target
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