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    FDJ   FR0013451333

LA FRANÇAISE DES JEUX

(FDJ)
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La Française des Jeux : Francaise des Jeux shares fall on Goldman Sachs downgrade in light of EU probe

08/23/2021 | 04:16am EST
Logo and grids of French lottery group Francaise des Jeux are shown in this illustration picture

PARIS (Reuters) - Shares in French lottery operator Francaise des Jeux fell on Monday after Goldman Sachs cut its rating on the stock to "sell" from "neutral", saying it offered lower earnings growth potential and a higher risk profile after a European Commission probe.

"FDJ is now trading at a premium to the broader gaming space despite lower earning growth potential," wrote Goldman Sachs, adding it expected margin upside to the guidance.

In July, the European Commission said it had opened an investigation into the granting of exclusive rights for lottery games to La Francaise des Jeux (FDJ) for 25 years.

FDJ shares were down 2.1% in early session trading. The stock is still up about 13% year to date, and have gained over 87% since a November 2019 IPO.

"We think current news flow on the EU investigation into the French government granting exclusive rights to FDJ...highlights a different risk profile for FDJ," added Goldman.

(Reporting by Dominique Vidalon and Juliette Portala; Editing by Sudip Kar-Gupta)


© Reuters 2021
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Analyst Recommendations on LA FRANÇAISE DES JEUX
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Financials
Sales 2021 2 217 M 2 514 M 2 514 M
Net income 2021 274 M 311 M 311 M
Net cash 2021 680 M 771 M 771 M
P/E ratio 2021 25,7x
Yield 2021 3,11%
Capitalization 6 967 M 7 902 M 7 903 M
EV / Sales 2021 2,84x
EV / Sales 2022 2,62x
Nbr of Employees 2 687
Free-Float 47,8%
Chart LA FRANÇAISE DES JEUX
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La Française des Jeux Technical Analysis Chart | FDJ | FR0013451333 | MarketScreener
Technical analysis trends LA FRANÇAISE DES JEUX
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 36,48 €
Average target price 43,74 €
Spread / Average Target 19,9%
EPS Revisions
Managers and Directors
Stéphane Pallez Chairman & Chief Executive Officer
Pascal Chaffard Executive VP-Finance, Performance & Strategy
Xavier Etienne Executive VP-Technology & International
Yovan Obrenovitch Director-Information Systems
Xavier Rene Louise Girre Independent Director
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