Capgemini: Deutsche Bank sees investment opportunity
(CercleFinance.com) - On Friday Deutsche Bank renewed its buy recommendation on Capgemini shares, with a target price of 240 euros, seeing the stock as a good short-term investment idea.
In view of the recent market correction and the stock's underperformance relative to Accenture (the sector benchmark), the broker believes that its current price levels offer an interesting entry opportunity.
Deutsche Bank advises investors to take a position on the stock ahead of two upcoming events that could act as catalysts.
According to analysts, these are the investor webinar on 14 December, which could whet the appetite of institutional investors that concerned about issues relating to sustainable development. In addition, the group will publish its annual results on 14 February, which should be an opportunity for it to unveil its financial targets for FY 2022.
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