Swatch: Invest Securities still a buyer, trims target price

(CercleFinance.com) - Invest Securities maintains its "buy" rating on Swatch shares, having increased its target price for them from 370 Swiss francs to the still very profitable level of 356 Swiss francs, the day after the Swiss watchmaker published its 2021 results.


While it believes that Swatch remains an unloved stock penalised by an ambivalent status, and that it has also experienced many ups and downs, the broker considers that the second half of the year marks a new stage in the recovery with the resumption of the watchmaking cycle.

The group expects a new and significant improvement in its sales this year. Much more agile and flexible both commercially and financially, Swatch remains undervalued both in terms of assets and profitability, the analyst says.

The share is currently up over 2.5% at over 285 Swiss francs.


Copyright (c) 2022 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.