Sopra Steria: Invest Securities still a buyer

(CercleFinance.com) - After an unsurprising Q3 and a Q4 that should not reflect any deterioration in trends, Sopra Steria is one of the few ESNs to confirm its 2024 targets, according to the analyst.


This confirms its resilient profile, all the more so as, with regard to the main risk factor (Airbus), management has been reassuring, with a 'secure' level of activity thanks to LT contract extensions and renewals, Invest Securities says.

Although our 2025 expectations have been slightly reduced (-3.5% at EPS level) to take account of a slower recovery than initially expected, the defensive profile is particularly attractive, especially in view of the current very low valuation, it adds.

Invest Securities confirms its Buy rating on the stock, with a TP unchanged at E266.

It says that the CMD on 12 December could provide an interesting catalyst to better understand the evolution of the strategy and scope after the changes of the last 2 years.


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