Altran: SG still a buyer; targets 22 euros.
(CercleFinance.com) - Altran's announcement of its acquisition of Aricent, which will be partially financed by fundraising, continues to penalise the Altran Technology share on the Paris Stock Exchange.
However, according to Société Générale (SG), this represents "a unique opportunity". In short, the broker has confirmed its buy rating and 12-month target price of 22 euros.
For Altran, Aricent's acquisition (which is expected to close in Q1 2018) could reverse the situation in many ways, specialists believe, which underline its solid expertise in the telecoms sector. This is without considering that Aricent, which generates FY sales of 631 million euros and has a robust operating margin of 20.6%, is expected to generate annual growth of between 5% and 10%.
Copyright (c) 2017 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.
However, according to Société Générale (SG), this represents "a unique opportunity". In short, the broker has confirmed its buy rating and 12-month target price of 22 euros.
For Altran, Aricent's acquisition (which is expected to close in Q1 2018) could reverse the situation in many ways, specialists believe, which underline its solid expertise in the telecoms sector. This is without considering that Aricent, which generates FY sales of 631 million euros and has a robust operating margin of 20.6%, is expected to generate annual growth of between 5% and 10%.
Copyright (c) 2017 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.