Capgemini: Barclays maintains neutral rating

(CercleFinance.com) - Capgemini will publish its H1 results on 28 July.

The analyst expects Capgemini to continue the momentum of Q1 and that the group will not experience a macroeconomic slowdown.

Ahead of this release, Barclays confirms its equal weight rating on the stock with a target price of 200 euros.

"We model 15% organic growth in Q2 to E5,323m in revenues versus Bloomberg consensus at E5,116m. We model 10bp margin improvement for H1 y/y leading to an operating margin of 12.1% and adj. operating profit of E1,264m, 1% ahead of consensus," Barclays said.


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