Capgemini: Bryan Garnier raises target
(CercleFinance.com) - Bryan Garnier reiterates his "buy" recommendation on Capgemini and has raised its fair value for the share from 113 euros to 119 euros, in the wake of an increase in its medium-term sales growth assumption, which the broker has raised from +3% to +4%.
Analysts also point out the acquisition of LiquidHub, an IT consulting company specializing in digital customer engagement, as announced this morning, for around 400 million euros.
The broker stated that “This deal will strengthen Capgemini's digital transformation consulting business in North America. We expect it to be marginally EPS accretive.”
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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.
Analysts also point out the acquisition of LiquidHub, an IT consulting company specializing in digital customer engagement, as announced this morning, for around 400 million euros.
The broker stated that “This deal will strengthen Capgemini's digital transformation consulting business in North America. We expect it to be marginally EPS accretive.”
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.