Esker: a top pick in European mid-caps for Berenberg
(CercleFinance.com) - Esker, a French specialist in document dematerialisation, is a top pick for Berenberg analysts, according to the German broker's comments that it published on Tuesday.
In its strategic note, Berenberg believes that the European mid-cap market still contains some abandoned and undervalued stocks, even in the post-Covid market environment.
Regarding Esker, Berenberg believes that the document process automation company is well positioned due to regulatory standards and the increasing use of digitisation.
"It also has rising profitability, strong cash flow generation and balance sheet strengths," Berenberg says, which remains a buyer of the share, with a target price of 165 euros.
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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.
In its strategic note, Berenberg believes that the European mid-cap market still contains some abandoned and undervalued stocks, even in the post-Covid market environment.
Regarding Esker, Berenberg believes that the document process automation company is well positioned due to regulatory standards and the increasing use of digitisation.
"It also has rising profitability, strong cash flow generation and balance sheet strengths," Berenberg says, which remains a buyer of the share, with a target price of 165 euros.
Copyright (c) 2020 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.