Ubisoft: Credit Suisse adopts first buy rating
(CercleFinance.com) - In a sector report on European video games publishers, Credit suisse has issued an initial buy rating ("outperform") on the Ubisoft share.
The broker has set its corresponding target price at 92 euros, which means upside potential of over 35%.
Analysts particularly consider a proprietary survey of over 4,000 gamers worldwide.
Analysts hail Ubisoft for its leading games and that it "is investing now to capture future growth opportunities in digital, mobile, China and cloud gaming". Ubisoft is expected to report sales and earnings growth of over 10% over the next few years and is well placed to particpate in sector consolidation.
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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 has set its corresponding target price at 92 euros, which means upside potential of over 35%.
Analysts particularly consider a proprietary survey of over 4,000 gamers worldwide.
Analysts hail Ubisoft for its leading games and that it "is investing now to capture future growth opportunities in digital, mobile, China and cloud gaming". Ubisoft is expected to report sales and earnings growth of over 10% over the next few years and is well placed to particpate in sector consolidation.
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.