Canal+ has received a Neutral rating from UBS after its debut on the London Stock Exchange. UBS has set a target price of 240p for the company.

UBS acknowledges the potential for Canal+ to significantly enhance its free cash flow, but is cautious due to concerns about value erosion resulting from the MultiChoice transaction.

Canal+ has made a non-binding indicative offer to the MultiChoice Board of Directors to acquire all the issued ordinary shares of MultiChoice that it does not already own. This move demonstrates Canal+'s ambitions to expand its market presence and consolidate its holdings in the audiovisual sector.