Thales: Berenberg still a buyer
(CercleFinance.com) - On Wednesday Berenberg renewed its buy rating on Thales shares, along with a target price of 110 euros, citing a set of qualities that are deemed "convincing".
The German broker says that Thales remains one of the most attractive stocks in the European aerospace and defence sector due to its solid fundamentals, attractive valuation and a number of catalysts that could drive the price.
From this point of view, the ESG investor day that will be held next week could, the broker says, clear up a few black spots, representing an important meeting.
Berenberg is also surprised by the timid reception given to the sale of the group's transport division, which was a loss-making business, with the Thales share having falln 4% since it announced this sale.
In short, analysts say that the share seems significantly undervalued and consider that its recent decline represents an attractive entry point.
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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 German broker says that Thales remains one of the most attractive stocks in the European aerospace and defence sector due to its solid fundamentals, attractive valuation and a number of catalysts that could drive the price.
From this point of view, the ESG investor day that will be held next week could, the broker says, clear up a few black spots, representing an important meeting.
Berenberg is also surprised by the timid reception given to the sale of the group's transport division, which was a loss-making business, with the Thales share having falln 4% since it announced this sale.
In short, analysts say that the share seems significantly undervalued and consider that its recent decline represents an attractive entry point.
Copyright (c) 2021 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.