Tarkett is a global flooring company, providing a large range of flooring and sports surface solutions to business and residential end-users. Co. is organized in four segments: Europe, Middle East and Africa (“EMEA”); North America; Commonwealth of Independent States (“CIS”), Asia Pacific (“APAC”) and Latin America; and Sports Surfaces.
  • TickerA1W7CM
  • ISINFR0004188670
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Valérie GASTALDY

Analyse court terme - TARKETT : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 19,90 €. La tendance de fond serait remise en cause en cas de franchissement de 26,10 €.

Valérie GASTALDY

Short term view - TARKETT : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €19.90. The background trend would be questioned should prices rise above €26.10.

Jérôme VINERIER

Medium term view - TARKETT : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €21.30, then €16.06. Passing €29.48 would question the continuation of the fall.

Jérôme VINERIER
Anis Zgaya ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 09/28/2018

...

Jean-François Granjon

Tarkett : Margins under pressure and a new CEO => In waiting mode – TP adjusted to € 22 (vs € 25)

>A strategic acquisition but a change in governance… - Following a company contact, we have updated our forecasts to factor in the latest acquisition. Meanwhile, the position of CEO is in the process of changing hands, leading to a period of uncertainty.The latest big news, without any doubt, is that Glen Morrison is leaving the group despite having become chairman of the board only relatively recently (1 September 2017). His departure is apparently not due to st...

Jean-François Granjon

Tarkett : Des marges sous pression et un changement de CEO => Position d’attente – OC ajusté à 22 € (vs 25 €)

>Une acquisition stratégique mais un changement de gouvernance… - Suite à contact avec le management, nous effectuons une mise à jour de nos estimations prenant en compte la dernière acquisition. Par ailleurs, le changement en cours du CEO du groupe provoque une phase d’incertitude.Le principal élément récent est sans conteste l’annonce du départ de Glen Morrison pourtant en charge de la présidence du Directoire depuis peu de temps (1er septembre 2017). Ce départ...

Eric Lemarie

Tarkett: Looking for a new CEO

Brief Comment - Tarkett: (NEUTRAL, Fair Value EUR23 (-4%)) Looking for a new CEO

Eric Lemarie

Tarkett: A bit of confusion around the price for the Lexmark deal

Tarkett: (NEUTRAL, Fair Value EUR23 vs. EUR24 (-8%)) A bit of confusion around the price for the Lexmark deal There has been some confusion yesterday regarding the price paid for the Lexmark acquisition. We understand it was due to 1) the particularly strong profitability of Lexmark; probably 50bps to 100bps above Tarkett EBITDA margin, 2) the net debt within the consensus, approx. EUR100m too optimistic (on 27/08/18). We have been surprised too and have decided to adjust our cash flows estimate for H2 2018. Obviously more debt means lower valuation. We keep our Neutral rating for now, but adk...

Eric Lemarie

Tarkett: A mid-size acquisition in the US.

Brief Comment - Tarkett: (NEUTRAL, Fair Value EUR24 (-5%)) A mid-size acquisition in the US.

1 director bought

A director at Tarkett Sa bought 2,250 shares at 22.101EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Anis Zgaya ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 09/28/2018

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 28/09/2018

...

With a more favourable environment, TARKETT improves to Slightly Positive

TARKETT (FR), a company active in the Building Materials & Fixtures industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 5, 2018, the closing price was EUR 36.92 and its potential was estimated at EUR 39.14.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Proxy Report - 26/04/2018

En termes de gouvernance, la société Tarkett a opté pour le modèle dualiste (Conseil de surveillance et Directoire), avec des Présidents distincts, ce qui respecte nos recommandations. Cependant, il y a des droits de vote double au sein de la société au bout de 2 ans de détention. Ce système est contraire au principe d’égalité des actionnaires. Par ailleurs, la société prévoit une distribution de dividende au titre d'un exercice déficitaire en comptes consolidés, ce qui ne respecte pas nos recommandations. On regrettera aussi que la société continue à refuser de communiquer les objectifs des...

Jehanne Leroy

Etude de l'AG du 27/04/2017

Bien que la société propose la nomination de 2 administratrices en vue d'atteindre le taux de féminisation de 40% tel que prévu par la Loi Copé-Zimmermann, on regrettera que ces 2 candidates soient proposées par la SID et donc non-indépendantes. Il aurait été bienvenu que la société profite de ces nominations afin d'améliorer le taux d'indépendance de son conseil.Par ailleurs, si la société avait fait de réels efforts de communication sur les rémunérations de ses dirigeants en 2016, cette année, aucun réel progrès n'est noté et on regrettera notamment que la société continue à refuser de commu...

Valérie GASTALDY

Analyse court terme - TARKETT : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 19,90 €. La tendance de fond serait remise en cause en cas de franchissement de 26,10 €.

Valérie GASTALDY

Short term view - TARKETT : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €19.90. The background trend would be questioned should prices rise above €26.10.

Jérôme VINERIER

Medium term view - TARKETT : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €21.30, then €16.06. Passing €29.48 would question the continuation of the fall.

Jérôme VINERIER
Valérie GASTALDY

Analyse court terme - TARKETT : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 21,25 €, puis 19,50 €. Le franchissement de 26,10 € remettrait en cause la suite de la baisse.

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