Sopra Steria: Invest Securities reduces TP
(CercleFinance.com) - Invest Securities reiterates its 'buy' rating on Sopra Steria shares, even though a return to growth is postponed until 2025, while lowering its target price for them from E268 to E262 in the wake of a revision of its estimates (-3% in EPS).
On the publication of preliminary H1 results, management warned of its 2024 organic growth target, while maintaining its margin target (modulo the positive impact of the SBS disposal)", notes the analyst.
He also points out that it is above all the absence of a rebound in organic growth in H2 that explains this warning, in connection with the context in France, Airbus' difficulties and the postponement of a major contract in the UK.
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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 decision-making aids 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.
On the publication of preliminary H1 results, management warned of its 2024 organic growth target, while maintaining its margin target (modulo the positive impact of the SBS disposal)", notes the analyst.
He also points out that it is above all the absence of a rebound in organic growth in H2 that explains this warning, in connection with the context in France, Airbus' difficulties and the postponement of a major contract in the UK.
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 decision-making aids 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.