Randstad: stock up with an analyst's upgrade.
(CercleFinance.com) - Randstad is up 0.
3% in Amsterdam today, outperforming the AEX, which is down slightly, thanks to an upbeat report from Credit Suisse, which has upgraded its "underperform" rating on the Dutch HR consulting stock to "neutral".
The broker underlines that the share is essentially in line with its target price of 48 euros and that the group's organic growth accelerated over the second quarter, thanks to Europe and particularly France.
"We think the shorter cycle factors of good organic growth (+9% in Q217), improving lead indicators and relative PE multiples well below historic average have to be balanced against the longer term headwinds," the analyst continues.
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.
3% in Amsterdam today, outperforming the AEX, which is down slightly, thanks to an upbeat report from Credit Suisse, which has upgraded its "underperform" rating on the Dutch HR consulting stock to "neutral".
The broker underlines that the share is essentially in line with its target price of 48 euros and that the group's organic growth accelerated over the second quarter, thanks to Europe and particularly France.
"We think the shorter cycle factors of good organic growth (+9% in Q217), improving lead indicators and relative PE multiples well below historic average have to be balanced against the longer term headwinds," the analyst continues.
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.