VusionGroup: share price rises after positive analysis

(CercleFinance.com) - VusionGroup shares are up nearly 5% following a positive analysis by Berenberg.
On Friday, the analyst renewed his buy recommendation on VusionGroup, still accompanied by a price target of 212 euros.

In a research note, the research firm hails the strength of Q4 sales and the promising outlook unveiled yesterday by the specialist in electronic labeling for physical stores.

According to the analyst, the French group benefits from several growth drivers, which he believes should materialize this year.

Among them, development in the United States will be a key factor, he stresses, saying that he sees significant demand across the Atlantic and anticipates new deployments which should boost the share price between now and the end of the year.

In its note, Berenberg indicates that it sees a potential upside of around 57% for the stock.

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