Sopra Steria: Invest Securities still a buyer

(CercleFinance.com) - Invest Securities has reiterated its 'buy' rating on
and E268 TP for Sopra Steria shares, having reviewed the IT services group's transaction with Axway and Sopra GMT, and after discussions with the company.


We feel, contrary to the independent expert's opinion, that the price paid for 80% of SBS could have been more generous, as the improvement in profitability by 2027-28 is only partially integrated, the analyst says.

Nevertheless, he considers that the strategic rationale of the operation largely prevails, with management now able to focus exclusively on services, and a cash inflow that will enable the company to pursue its development through external growth.


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 a decision-making aid 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.