Capgemini: Invest Securities raises target price
(CercleFinance.com) - Invest Securities maintains its buy rating on the Capgemini share, having increased its corresponding target price from 145 euros to 166 euros (current price: 135 euros; flat), seeing that the consensus is too cautious in its forecast for Q4 revenues, with the ESNs that have already published their results have showed a continued rapid recovery in their revenues.
The analyst says that the 2021 guidance is likely to surprise positively too - whereas the comparison basis will be very low, with there being significant levers for improvement.
Last but not least, the group's CMD on 31 March 2020 should highlight its unique positioning in Industry 4.0 and include a target for improvements in its EBITA margin that exceeds expectations, the broker adds.
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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 analyst says that the 2021 guidance is likely to surprise positively too - whereas the comparison basis will be very low, with there being significant levers for improvement.
Last but not least, the group's CMD on 31 March 2020 should highlight its unique positioning in Industry 4.0 and include a target for improvements in its EBITA margin that exceeds expectations, the broker adds.
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.