Atos: Barclays adjusts target price after Worldline split
(CercleFinance.com) - Barclays reinstates its "overweight" recommendation on the IT services group Atos share, with it having 25% upside potential relative to its adjusted target price of 85 euros (vs.
110 euros previously).
The broker has reduced its target price to take into account the split of Worldline, of which Atos has distributed 23.5% of the shares to its own shareholders. The broker is sticking with its methodology, which values Atos at a 2020 EV/EBITDA multiple of 7x and a P/E of 10x.
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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.
110 euros previously).
The broker has reduced its target price to take into account the split of Worldline, of which Atos has distributed 23.5% of the shares to its own shareholders. The broker is sticking with its methodology, which values Atos at a 2020 EV/EBITDA multiple of 7x and a P/E of 10x.
Copyright (c) 2019 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.