Sopra Steria: Invest Securities still a buyer
(CercleFinance.com) - After an unsurprising Q3 and a Q4 that should not reflect any deterioration in trends, Sopra Steria is one of the few ESNs to confirm its 2024 targets, according to the analyst.
This confirms its resilient profile, all the more so as, with regard to the main risk factor (Airbus), management has been reassuring, with a 'secure' level of activity thanks to LT contract extensions and renewals, Invest Securities says.
Although our 2025 expectations have been slightly reduced (-3.5% at EPS level) to take account of a slower recovery than initially expected, the defensive profile is particularly attractive, especially in view of the current very low valuation, it adds.
Invest Securities confirms its Buy rating on the stock, with a TP unchanged at E266.
It says that the CMD on 12 December could provide an interesting catalyst to better understand the evolution of the strategy and scope after the changes of the last 2 years.
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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.
This confirms its resilient profile, all the more so as, with regard to the main risk factor (Airbus), management has been reassuring, with a 'secure' level of activity thanks to LT contract extensions and renewals, Invest Securities says.
Although our 2025 expectations have been slightly reduced (-3.5% at EPS level) to take account of a slower recovery than initially expected, the defensive profile is particularly attractive, especially in view of the current very low valuation, it adds.
Invest Securities confirms its Buy rating on the stock, with a TP unchanged at E266.
It says that the CMD on 12 December could provide an interesting catalyst to better understand the evolution of the strategy and scope after the changes of the last 2 years.
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.