Capgemini: Berenberg starts tracking with 'buy' rating
(CercleFinance.com) - Berenberg has started covering the Capgemini share on Tuesday, with a "buy" rating and target price of 140 euros (20% upside).
In a report on the IT sector, the German broker explains that the wave of digital transformation that is currently sweeping the corporate world is making varied fortunes amongst service providers.
The French consulting group is nevertheless one of the winners of this new situation, Berenberg says.
"We expect businesses such as Accenture and Capgemini, with a relatively high digital revenue mix, to outperform the sector, given their greater client stickiness, increasing margins and superior growth sustainability," the broker says.
Capgemini shares are currently down 0.3% at around 116.6 euros on Euronext Paris.
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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.
In a report on the IT sector, the German broker explains that the wave of digital transformation that is currently sweeping the corporate world is making varied fortunes amongst service providers.
The French consulting group is nevertheless one of the winners of this new situation, Berenberg says.
"We expect businesses such as Accenture and Capgemini, with a relatively high digital revenue mix, to outperform the sector, given their greater client stickiness, increasing margins and superior growth sustainability," the broker says.
Capgemini shares are currently down 0.3% at around 116.6 euros on Euronext Paris.
Copyright (c) 2020 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.