SGS: share up thanks to an analyst's comments
(CercleFinance.com) - This Friday, towards the end of trading, the SGS share is up around 2%, following positive comments made by an analyst.
Indeed, broker Oddo has raised its target price for the share from 2660 Swiss francs to CHF Swiss francs, even though it sticks with its "Neutral" recommendation.
The best-in-class story, with a confirmed recovery in organic growth and potential for margin improvements, is indeed attractive, analysts said, even though the share's current valuation (...) leaves it with little upside potential. The broker also added that the acceleration in external growth could be a plus for SGS, with the group being "far from the target set in its strategic plan at almost 200 million Swiss francs in additional sales p.a. through acquisitions.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Indeed, broker Oddo has raised its target price for the share from 2660 Swiss francs to CHF Swiss francs, even though it sticks with its "Neutral" recommendation.
The best-in-class story, with a confirmed recovery in organic growth and potential for margin improvements, is indeed attractive, analysts said, even though the share's current valuation (...) leaves it with little upside potential. The broker also added that the acceleration in external growth could be a plus for SGS, with the group being "far from the target set in its strategic plan at almost 200 million Swiss francs in additional sales p.a. through acquisitions.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.