Sopra Steria: Berenberg initiates coverage as buyer
(CercleFinance.com) - On Tuesday, Berenberg initiated coverage of the Sopra Steria share with a Buy recommendation and a target price of E238, which represents around 25% upside potential.
In a research note, the broker praises the digital transformation specialist's "solidly anchored" roots within several business sectors, which it considers "attractive".
Given the company's strong foothold in several blue-chip European groups, as well as in the public sector, we believe it is well placed to benefit from the strong growth expected in technology services over the coming years, the analyst argues.
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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.
In a research note, the broker praises the digital transformation specialist's "solidly anchored" roots within several business sectors, which it considers "attractive".
Given the company's strong foothold in several blue-chip European groups, as well as in the public sector, we believe it is well placed to benefit from the strong growth expected in technology services over the coming years, the analyst argues.
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.