Atos: Invest Securities still a buyer
(CercleFinance.com) - Invest Securities reiterates its "buy" rating on the Atos share with a target price of 97 euros (40% upside potential), noting that the IT services group is continuing with its transformation, with the deconsolidation of Worldline.
The broker points out that Atos continues to distance itself from its former subsidiary by selling more than half of the 27.3% of Worldline's capital that it still held, via a private placement and a bond redeemable in shares.
The result is that the group will significantly reduce its debt, which could pave the way for an imminent acquisition, said the analyst who monitors the share. However, he added that the impact on (its) valuation is instantaneously limited.
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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.
The broker points out that Atos continues to distance itself from its former subsidiary by selling more than half of the 27.3% of Worldline's capital that it still held, via a private placement and a bond redeemable in shares.
The result is that the group will significantly reduce its debt, which could pave the way for an imminent acquisition, said the analyst who monitors the share. However, he added that the impact on (its) valuation is instantaneously limited.
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.