Pluxee: stock stands out on Berenberg upgrade

(CercleFinance.com) - Pluxee was one of the strongest risers on the SBF 120 index on Tuesday morning on the Paris Bourse, following a recommendation upgrade by Berenberg.


In the first hour of trading, shares of the restaurant voucher issuer were up 0.7%, while the SBF was only up 0.1% at the same time.

Berenberg says it has upgraded them to 'buy' from 'hold', while maintaining its target price of E30, which represents 35% upside potential relative to yesterday's closing price.

In a sector report, the broker considers that the company is still making good progress towards its medium-term targets, and that its current stockmarket valuation more than incorporates the risk of potential earnings disappointments.

On the stock market, Pluxee shares - introduced at the beginning of 2024 - lost 39% last year, although have bounced back, up over 18% since the beginning of 2025.


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