(CercleFinance.com) – Invest Securities downgrades its advice on the Bigben share, going from ‘buy’ to ‘neutral’, while the price target falls to 7.2 euros, against 11 euros previously.
‘In addition to the disappointing performance of its subsidiary Nacon, Bigben is also faced with the difficulties of Metronic, the acquisition made last year to strengthen its Audio/Telco activities’, justifies Invest Securities.
The broker also points to Bigben’s ‘significantly reduced’ financial capacities, with a return to shareholders that promises to be weaker in the years to come.
In this context, “it now seems more interesting to invest directly in Nacon for those interested in the video game sector”, judges the analyst.
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