Gemalto: UBS upgrades to 'buy'.
(CercleFinance.com) - UBS has upgraded its rating on the share of the digital security specialist Gemalto, which it now recommends investors to buy (against "neutral" previously).
Analysts distinguish this group, which has actually been punished on the market (-27% over one year), thanks to its ability to report growth, which the broker considers is underestimated, and potential savings. UBS has upped its 12-month target price for the share from 47 euros to 49 euros.
“We believe growth areas (56% of sales) can offset declines in SIM/Payment,” UBS states, which therefore anticipates a return to organic growth of 2% in 2018. The broker cites the group's Business divisions, thanks to data protection standards in Europe, as well as Machine-to-Machine, thanks to the take-off in Internet of Things.
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.
Analysts distinguish this group, which has actually been punished on the market (-27% over one year), thanks to its ability to report growth, which the broker considers is underestimated, and potential savings. UBS has upped its 12-month target price for the share from 47 euros to 49 euros.
“We believe growth areas (56% of sales) can offset declines in SIM/Payment,” UBS states, which therefore anticipates a return to organic growth of 2% in 2018. The broker cites the group's Business divisions, thanks to data protection standards in Europe, as well as Machine-to-Machine, thanks to the take-off in Internet of Things.
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.