Capgemini: Invest Securities maintains 'buy' rating
(CercleFinance.com) - Invest Securities has reiterated its 'buy' rating on Capgemini shares, nudging up its corresponding target price from 183 euros to 184 euros (with updated market parameters), following the IT services group's presentation of its keenly awaited medium-term targets.
The broker points out that by 2025, the group targets growth of +7% to +9% at constant exchange rates and that it has real potential to improve its EBITA margin (+40 basis points p.a.), setting a target of 14% in 2025.
This trajectory is broadly in line with our expectations, the analyst who monitors the share said, while adding that although it is above consensus expectations, the lack of detail may have disappointed.
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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 broker points out that by 2025, the group targets growth of +7% to +9% at constant exchange rates and that it has real potential to improve its EBITA margin (+40 basis points p.a.), setting a target of 14% in 2025.
This trajectory is broadly in line with our expectations, the analyst who monitors the share said, while adding that although it is above consensus expectations, the lack of detail may have disappointed.
Copyright (c) 2021 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.