Planisware: Berenberg raises target, remains Buy

(CercleFinance.com) - On Friday Berenberg reiterated its Buy recommendation on Planisware shares, while raising its target price for them from E28 to E30.


The analyst says that the French project management software developer posted a 'stronger-than-expected' end to the year, and delivered a 2025 outlook in line with expectations.

The broker adds that the group is defensively positioned, and that its cash generation is sufficiently solid to enable redistributions to shareholders.

We consider Planisware to be a high-quality, high-growth software group, which - within our area of coverage - is a rare commodity, it adds.

With a 2025 EV/EBIT multiple of 25.9x, compared with 30.6x for the sector, Berenberg sees upside potential in the stock.


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