Altran: 'results in line' Invest Securities says
(CercleFinance.com) - Analysts at Invest Securities believe that Altran's H1 2019 results are broadly in line with expectations, albeit with some surprises when examined in detail.
Following this announcement, the broker confirms its Neutral rating on the stock, with a target price of 14 euros.
Analysts say the group maintained a solid growth momentum in Q2, with +6.8% organic growth, thanks to a strong performance in Europe (+8.4%).
EBITA came in at 178.2 million euros, bang in line with estimates, despite disappointing performance in North America (14.9% vs. 17.5% expected by the broker), once again thanks to good performance in Europe.
The broker remains skeptical about the integration of Aricent, but the upcoming Capgemini takeover at 14 euros per share settles this issue, it adds.
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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.
Following this announcement, the broker confirms its Neutral rating on the stock, with a target price of 14 euros.
Analysts say the group maintained a solid growth momentum in Q2, with +6.8% organic growth, thanks to a strong performance in Europe (+8.4%).
EBITA came in at 178.2 million euros, bang in line with estimates, despite disappointing performance in North America (14.9% vs. 17.5% expected by the broker), once again thanks to good performance in Europe.
The broker remains skeptical about the integration of Aricent, but the upcoming Capgemini takeover at 14 euros per share settles this issue, it adds.
Copyright (c) 2019 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.