Gilbert Smith today confirmed his opinion "buy" on the title NRJ Group, with a target price of 10.6 euros, explaining that "very good vibes" emanated from the roadshow (roadshow) organized by the company.
In a research note very abundant, the consultancy said that after successfully recover hearing NRJ (10.8% in Q1 2011 against 10% in Q1 2010).
Regarding the trend of advertising by the second quarter, management also expressed serene, despite a month of April a little "soft" (but growing) and a lack of visibility, adds analyst
"That is the first NRJ Radio France on the preferred target of commercial advertisers (25-49 years, who represent 34% of the population but 53% of consumption) partly explains this serenity," said the expert.
Finally, Gilbert Dupont believes that the stream of announcements expected to remain favorable, the group in 2011 to combine steady growth in sales (+9.2% expected by the expert) and a strong improvement in its operating margin (+4.3 points).
In a research note very abundant, the consultancy said that after successfully recover hearing NRJ (10.8% in Q1 2011 against 10% in Q1 2010).
Regarding the trend of advertising by the second quarter, management also expressed serene, despite a month of April a little "soft" (but growing) and a lack of visibility, adds analyst
"That is the first NRJ Radio France on the preferred target of commercial advertisers (25-49 years, who represent 34% of the population but 53% of consumption) partly explains this serenity," said the expert.
Finally, Gilbert Dupont believes that the stream of announcements expected to remain favorable, the group in 2011 to combine steady growth in sales (+9.2% expected by the expert) and a strong improvement in its operating margin (+4.3 points).