Capgemini: SG confident; maintains target at 109 euros.
(CercleFinance.com) - Société Générale (SG) this morning confirms its buy rating on Capgemini, which yesterday organised a day of meetings with investors in London.
SG also maintains its 12-month target price of 109 euros.
There is no doubt in the eyes of SG analysts; the roadmap is clear and Capgemini has the means to reach its aims, which, furthermore, it reiterated yesterday.
SG believes that management's medium-term target of organic growth of 5% to 7% and an underlying operating margin of 12.5% to 13%, is increasingly credible. Indeed, regarding sales, the group's activity refocuses on new services, and customer relations are the focus of particular attention.
In terms of profitability, Capgemini, which still targets a margin of between 11.7% and 11.9% this year, is already two thirds of the way there, SG's report says.
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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.
SG also maintains its 12-month target price of 109 euros.
There is no doubt in the eyes of SG analysts; the roadmap is clear and Capgemini has the means to reach its aims, which, furthermore, it reiterated yesterday.
SG believes that management's medium-term target of organic growth of 5% to 7% and an underlying operating margin of 12.5% to 13%, is increasingly credible. Indeed, regarding sales, the group's activity refocuses on new services, and customer relations are the focus of particular attention.
In terms of profitability, Capgemini, which still targets a margin of between 11.7% and 11.9% this year, is already two thirds of the way there, SG's report says.
Copyright (c) 2017 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.