(CercleFinance.com) – EuroLand renewed its buy recommendation and its price target of 4.10 euros on Bourse Direct on Friday, saying that it was still confident about the activity and prospects of the online broker.
In a research note released this morning, the brokerage firm highlights the ‘resilient’ growth enjoyed by the group.
Bourse Direct yesterday unveiled annual revenue for 2021 up 3.3% to 45.9 million euros.
‘Despite a particularly demanding base effect due to an exceptional market context in 2020, the company continues to move forward, in particular in winning new customers’, underlines EuroLand.
The intermediary also believes that the completion of the acquisition of Exoé, finalized last month, will enable the online stock market specialist to significantly strengthen its execution capacities and expand its account-keeping and preservation.
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