Sopra Steria: Oddo BHF raises target price
(CercleFinance.com) - Broker Oddo BHF has reinstated its "buy" rating on the Sopra Steria stock, raising its corresponding target price from 182 euros to 195 euros, after applying its valuation methods for forecasts that are maintained overall.
In our opinion, Sopra Steria remains one of the best equity stories in its industry, with the strong potential of SBS, a service-providing business benefiting from strong growth in Europe, and a well-defined two-to-three-year business plan, the analyst said.
The broker also highlighted an attractive valuation and thinks that the poor profitability of H1 2018, which stems from calendar effects and investments, seems to have been well signaled to the market".
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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 our opinion, Sopra Steria remains one of the best equity stories in its industry, with the strong potential of SBS, a service-providing business benefiting from strong growth in Europe, and a well-defined two-to-three-year business plan, the analyst said.
The broker also highlighted an attractive valuation and thinks that the poor profitability of H1 2018, which stems from calendar effects and investments, seems to have been well signaled to the market".
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.