Sopra Steria: Oddo BHF remains positive, adjusts TP
(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on Sopra Steria shares, while trimming its target price from E271 to E269, in the wake of slightly lower organic growth and EPS forecasts for 2024 and 2025.
The broker nevertheless sees Sopra Steria as a player benefiting from interesting specific levers enabling it to outperform its direct peers - both in terms of growth and margins.
In addition, it points to historically low valuation multiples which certainly offer an attractive entry point from a medium-term perspective, bearing in mind that the 2024 targets still seem attainable without an even more severe deterioration in the market.
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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 information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker nevertheless sees Sopra Steria as a player benefiting from interesting specific levers enabling it to outperform its direct peers - both in terms of growth and margins.
In addition, it points to historically low valuation multiples which certainly offer an attractive entry point from a medium-term perspective, bearing in mind that the 2024 targets still seem attainable without an even more severe deterioration in the market.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.