Cast: Bryan Garnier upgrades rating
(CercleFinance.com) - Bryan Garnier has upgraded its rating on the Cast stock from "neutral" to "buy" and has raised its fair value from 3.
5 euros to 4.1 euros, the day after the company announced an operating loss for 2017 that was slightly below the broker's expectation.
The broker underlined that above all, management has reiterated its confidence in sales growth of at least 20% on a like-for-like basis while expecting an operating result that is close to break-even in 2018.
Bryan Garnier has therefore raised its forecast for this software publisher's operating margin from -9.8% to -2.2% for 2018, expecting +2.9% (vs. -4.3%) for 2019 and from +7.4% (vs. -0.1%) for 2020.
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.
5 euros to 4.1 euros, the day after the company announced an operating loss for 2017 that was slightly below the broker's expectation.
The broker underlined that above all, management has reiterated its confidence in sales growth of at least 20% on a like-for-like basis while expecting an operating result that is close to break-even in 2018.
Bryan Garnier has therefore raised its forecast for this software publisher's operating margin from -9.8% to -2.2% for 2018, expecting +2.9% (vs. -4.3%) for 2019 and from +7.4% (vs. -0.1%) for 2020.
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.