(CercleFinance.com) – The French specialist in the dematerialization of documents Esker climbed 2.6% on Tuesday on the Paris Stock Exchange after a positive analysis note from Berenberg, who praises the “solid fundamentals” of the company.
The German bank, which maintains its buy recommendation on the stock with a target price of 400 euros, notably highlights the company’s good growth prospects.
‘We believe that the year-to-date decline of around 40% in the share price (due to a rotation of the ‘growth’ stocks towards the value segment) has created a rare entry point on a quality value that almost never disappoints’, underlines the Germanic intermediary.
Berenberg also believes Esker should be able to exceed its fiscal 2022 targets.
During a recent interview with COO Emmanuel Olivier, the company would indeed have considered that its revenue forecast of 155 million euros for the 2022 financial year was “cautious” and therefore within its reach.
Esker yesterday unveiled a digital assistant dedicated to customer services, which classifies emails according to their category (orders, price requests, availability requests).
Once sorted, requests are processed using a predefined email template.
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