Capgemini: Invest Securities raises target price
(CercleFinance.com) - Invest Securities reinstates its "buy" rating on the Capgemini share, while raising its corresponding target price from 116 euros to 141 euros (23% upside potential), which the broker maintains in its "IS Selection" (best pick list), explaining that it is lowering its beta applied to the share from 1.
1 to 1.05 times to reflect better visibility.
The broker says that while some tech stocks that have benefited from the health situation are underperforming, it believes that Capgemini is not in this category, as evidenced by its derating since mid-March.
It says that the group would benefit from a possible improvement in the health situation, particularly in some of its business segments that are heavily affected (consulting, industry), even though it is premature to include this in its estimates.
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