Teleperformance: UBS raises target price.
(CercleFinance.com) - UBS has become even more positive about the Teleperformance share today: while confirming its buy rating on the stock, this morning UBS analysts raised their target price from 115 euros to 133 euros (+15.
6%).
According to analysts, Teleperformance has become much more than just a call center specialist: it has made a lot of effort to diversify into new business outsourcing services, such as translation, "which tend to be more profitable."
"We believe that this progress is still underappreciated by the market and expect profitability to beat expectations," UBS says in a research report.
UBS believes that "specialised services", more dynamic and more profitable diversification activities, will concentrate 37% of Teleperformance's EBITA from the current financial year. According to UBS, Teleperformance's EBITDA margin is expected to reach 13.4% this year, i.e. 25 basis points higher than expected by the consensus.
Copyright (c) 2017 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.
6%).
According to analysts, Teleperformance has become much more than just a call center specialist: it has made a lot of effort to diversify into new business outsourcing services, such as translation, "which tend to be more profitable."
"We believe that this progress is still underappreciated by the market and expect profitability to beat expectations," UBS says in a research report.
UBS believes that "specialised services", more dynamic and more profitable diversification activities, will concentrate 37% of Teleperformance's EBITA from the current financial year. According to UBS, Teleperformance's EBITDA margin is expected to reach 13.4% this year, i.e. 25 basis points higher than expected by the consensus.
Copyright (c) 2017 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.