Altran: Bryan Garnier still a buyer after 2022 plan
(CercleFinance.com) - An analyst at Bryan Garnier today said that he is maintaining his buy rating on the Altran stock, the day after the group's presentation of a plan entitled "The High Road 2022".
This plan should be fully implemented in 2022, particularly with sales of about 4 billion euros at a constant scope, an operating margin of about 14.5%, or EPS that are doubled compared to the level of 2017 (0.68 euro per share).
We believe that the 'High Road 2022' plan is cautious regarding profitability (...) We are convinced that the integration of Aricent, if successful, will boost Altran to higher levels, Bryan Garnier points out, which reinstates its fair value of 17 euros for the share.
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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.
This plan should be fully implemented in 2022, particularly with sales of about 4 billion euros at a constant scope, an operating margin of about 14.5%, or EPS that are doubled compared to the level of 2017 (0.68 euro per share).
We believe that the 'High Road 2022' plan is cautious regarding profitability (...) We are convinced that the integration of Aricent, if successful, will boost Altran to higher levels, Bryan Garnier points out, which reinstates its fair value of 17 euros for the share.
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.