Peugeot S.A.

Peugeot is an automobile manufacturer (cars and light commercial vehicles), supported by two brands: Peugeot and Citroen. Co.'s activities are divided into four main segments: Automobile (Co. designs, manufactures and markets passenger cars and light commercial vehicles under Peugeot and Citroen brands), Finance (Co. provides retail and wholesale financing to customers and dealer networks), Automotive equipment (Co. produces Interior Systems, Automotive Seating, Automotive Exteriors and Emissions Control Technologies) and Other businesses (Co. produces scooters).
  • TickerUG
  • ISINFR0000121501
  • ExchangeEuronext Paris
  • SectorAutomobiles & Parts
  • CountryFrance

Analysts

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2019

...

François Maury ...
  • Georges Dieng

ODDO : Marché EU +EFTA : Baisse de 0.9% en février soit -2.9% YTD

>Baisse de 0.9% en février soit -2.9% YTD - Les immatriculations européennes (EU+EFTA) sont en baisse pour le 5ième mois consécutif : -0.9% sur février à 1 148.8k unités soit -2.9% YTD à 2 374.9k unités La baisse vient principalement de l’Espagne et de l’Italie (-8.8% et -2.4% respectivement) tandis que les ventes sont en hausse en Allemagne (+2.7%), France (+2.1%) et au Royaume-Uni (+1.4%).Les constructeurs mettent en avant des marchés difficiles en Italie,...

Ahmed Ben Salem ...
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Matthias Desmarais
  • Olivier Lebrun
  • Stephane Houri
  • Veysel Taze
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/06/2019

...

Peugeot S.A.: Update Following Change of Outlook to Positive

Peugeot’s ratings benefit from a successful execution of its turnaround strategy for Opel/Vauxhall which has strengthened Peugeot’s market position in Europe.

Moody's: Stabiler Autoabsatz sorgt trotz Zöllen bis ins Jahr 2019 hinein für stabilen Ausblick für den globalen Automobilsektor

Der Ausblick für die globale Automobilfertigungsbranche bleibt auch in den kommenden 12 bis 18 Monaten stabil. Hintergrund ist die erwartete, gleich bleibende Nachfrage in den Schlüsselregionen trotz bevorstehender Herausforderungen. Zu dieser Einschätzung gelangt die Ratingagentu...

Peugeot S.A. - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Peugeot S.A.: Update on Key Credit Considerations

Peugeot’s ratings benefit from a successful execution of its turnaround strategy for Opel/Vauxhall which has strengthened Peugeot’s market position in Europe.

Peugeot S.A. - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2019

...

François Maury ...
  • Georges Dieng

ODDO : Marché EU +EFTA : Baisse de 0.9% en février soit -2.9% YTD

>Baisse de 0.9% en février soit -2.9% YTD - Les immatriculations européennes (EU+EFTA) sont en baisse pour le 5ième mois consécutif : -0.9% sur février à 1 148.8k unités soit -2.9% YTD à 2 374.9k unités La baisse vient principalement de l’Espagne et de l’Italie (-8.8% et -2.4% respectivement) tandis que les ventes sont en hausse en Allemagne (+2.7%), France (+2.1%) et au Royaume-Uni (+1.4%).Les constructeurs mettent en avant des marchés difficiles en Italie,...

Ahmed Ben Salem ...
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Matthias Desmarais
  • Olivier Lebrun
  • Stephane Houri
  • Veysel Taze
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/06/2019

...

François Maury ...
  • Georges Dieng

ODDO : Top 5 car market in Europe: -0.3% in February, -1.9% YTD

>Top 5 car market in Europe: virtually stable in February - In February, new car registrations in the Top 5 Europe market (more than 70% of EU+EFTA volumes) were virtually stable (-0.3%), i.e. -1.9% over the last two months. In February, Germany, France and the UK reported increases of +2.7%, +2.1% and 1.4% respectively, whilst Spain and Italy were down (-8.8% and -2.4% respectively).For 2019, we maintain our estimates for the time being: +5% in Spain, +1% in Fra...

Ahmed Ben Salem ...
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Matthias Desmarais
  • Olivier Lebrun
  • Stephane Houri
  • Veysel Taze
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/03/2019

...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2019

13ème mise à jour de notre étude Corporate Governance Large caps Europe. Nous avons étudié 125 valeurs, toutes suivies par les analystes d’Oddo BHF. Nous privilégions 5 valeurs dans les opportunités fortes : Unibail Rodamco (Achat, OC 190.0 €), AXA (Achat, OC 28.0 €), Veolia (Achat, 30.0 €), Danone (Achat, 81.0 €) et Michelin (Achat, 130.0 €). Cf. étude publiée ce matin. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/25/2019

On 30 January, Atos is to host a CMD at which we expect management to adopt an upbeat stance on targets for growth, margins and FCF to beat expectations which have been very low since October 2018. The levers to achieve these targets are credible, in our view. Cf. report published today. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Olfa Taamallah
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/01/2019

Le 30 janvier, le management d’Atos devrait mener un CMD offensif et proposer des objectifs de croissance, de marge et de FCF supérieurs aux attentes, qui ont bien baissé depuis octobre dernier. Et les leviers à actionner nous semblent crédibles. Cf. étude publiée ce jour. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2018

With 2018e FCF (£ 450m +/- £ 100m before restructuring costs) expected to reflect a significant upturn from the low point of 2016 (£ 100m), the group’s medium-term target FCF of £ 1.8bn appears realistic. On this basis, we value the group at 1,120p per share and we are upgrading our recommendation from Neutral to Buy. Cf report published yesterday night. - ...

With a more favourable environment, PEUGEOT SA improves to Slightly Positive

PEUGEOT SA (FR), a company active in the Automobiles industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 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 25, 2019, the closing price was EUR 21.93 and its potential was estimated at EUR 23.03.

Ng Adrian

Groupe PSA

Ng Adrian

Groupe PSA

Ng Adrian

Groupe PSA

Ng Adrian

Groupe PSA

Xavier Caroen

French Carmakers | | Unlike Move Leading to Dissimilar Margin Growth Potential

More Europe vs. more emerging markets? Whereas years ago, Renault and PSA were quite comparable, with high direct industrial and sales exposure to Europe and a similar product positioning, their strategies started to diverge when Renault further strengthened its presence in Russia through Avtovaz, and when PSA opportunistically bought Opel from GM to reinforce its already significant exposure to the European market. The group's exposure to Europe should be favorable in 2018-19, but not so much thereafter after.

Peugeot - Assemblée générale des actionnaires du 25 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Peugeot – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Proxy Report - 24/04/2018

Once again this year, the Supervisory Board maintained its plan regarding the acquisition of Bons Bretons (authority to issuewarrants as an anti-takeover device, cf. resolution 23) while this authorisation was strongly opposed by shareholders during the last General Meeting (only 76,92% approved). Moreover, resolutions 11 and 12 provide with the introduction of an extraordinary compensation component in the 2017 Remuneration Policy, voted ex-post and justified as an "adjustment". This extraordinary compensation framework reflects the succesful recovery plan of Opel Vauxhall by PSA. The amount...

Proxy Report - 24/04/2018

Le Conseil de surveillance a cette année encore maintenu la possibilité d'attribution de Bons Bretons (résolution 23), ce à quoi nous nous opposons fermement. La résolution n'avait été adoptée qu'à 76,92% lors de la précédente Assemblée. L'introduction a posteriori d'une rémunération exceptionnelle à la politique de rémunération 2017 des membres du Directoire est soumise au vote aux résolutions 11 et 12 de la présente Assemblée. Les montants de cette rémunération, attribués au Président (1 M€) et à un membre du Directoire (500 000 €), sont jugés excessifs par Proxinvest. Nous attirons égalem...

Etude de l'AG du 10/05/2017

Despite the high level of constestation regarding the Bon Bretons (Authority to issue warrants as an anti-takeover device) neither the supervisory board nor any of the three lagest shareholders (DongFeng, the French state, and the Peugeot family) have ended this practice. As such we oppose the authority to issue these warrents in Resolution 32)We believe shareholders should support the issuance of warrants to General Motors in the framework of acquisition of Opel/Vauxhall (Resolution 31). We note that the acqusition is supported by the Company's three largest shareholders.We oppose the 2017 re...

Matthieu DRIOL

Short term view - PEUGEOT : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €23.99.

Matthieu DRIOL

Analyse court terme - PEUGEOT : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 23,99 €.

Matthieu DRIOL

Analyse court terme - PEUGEOT : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 19,15 €. La tendance baissière serait remise en cause au-dessus de 25,30 €.

Matthieu DRIOL

Short term view - PEUGEOT : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €19.15. The bearish trend would be challenged above €25.30.

Valérie GASTALDY

Analyse moyen terme - PEUGEOT : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 19,500 €.

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