Dassault Systèmes: Invest Securities raises target price.
(CercleFinance.com) - While maintaining its “neutral” rating, given an risk/reward ratio that is deemed to be less attractive in the near term, Invest Securities has inched up its target price for Dassault Systèmes from 86 euros to 88 euros, the day after the group announced the acquisition of EXA.
Judging that this transaction fits perfectly into Dassault Systèmes' external growth strategy, the analyst is "convinced of the group's ability to leverage this asset to bring it to levels of profitability that are in line with group standards".
While it recognises that the price paid is very high, reflecting competition between potential buyers, Invest Securities considers that the acquisition does not change Dassault Systèmes' profile, expected to enhance its 2018-19 EPS by 1%.
Copyright (c) 2017 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.
Judging that this transaction fits perfectly into Dassault Systèmes' external growth strategy, the analyst is "convinced of the group's ability to leverage this asset to bring it to levels of profitability that are in line with group standards".
While it recognises that the price paid is very high, reflecting competition between potential buyers, Invest Securities considers that the acquisition does not change Dassault Systèmes' profile, expected to enhance its 2018-19 EPS by 1%.
Copyright (c) 2017 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.