Rémy Cointreau is a French family group whose origins date back to 1724. It has a portfolio of exceptional spirits of international renown: Rémy Martin and Louis XIII cognacs, Cointreau liqueur and many others.
By Luxus Plus
Remy Cointreau clearly outperformed the market at the start of the week thanks to a gain of almost 3.5% to 98.4 euros.
The spirits group benefits from the support of Bernstein who raised his recommendation on the value to ‘outperform’ by targeting 123 euros.
The broker highlights the long-term growth potential of the French group, even if the coming months will be “bumpy” with the potential impact of the new Chinese coronavirus on profits.
The recent drop in the share price offers an “attractive” entry point into a company with “the best long-term growth history” in the sector.
Twice in the past ten years the value has fallen to these levels, and both have turned out to be ‘huge’ buying opportunities.
Finally, in April 2019, the company had capitalized € 5,993 million.
Read also: Rémy Cointreau expects COP to be stable for 2019-2020
