Euronext: the title on the rise, a broker adjusts its advice


(CercleFinance.com) – Euronext gained more than 2% in Paris, taking advantage of an analysis by JPMorgan which raised its recommendation on the stock on Thursday, going from ‘neutral’ to ‘overweight’, citing a valuation that seems to it ‘de more and more attractive.

The research department, which also mentions a dynamic of constantly improving results, notes that the action is currently traded on the basis of a PER of 13x by 2023 against a historical average of 18x, which shows, according to him a ‘significant’ discount vis-à-vis the sector.

JPMorgan also notes that the pan-European stock market operator now has cash of 1.1 billion euros (representing 14% of its market capitalization) which could enable it to carry out mergers and acquisitions (M&A) transactions. accretive by at least 10%, in addition to organic growth which has already reached 5%.

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