(CercleFinance.com) – Lacroix posted an increase of nearly 3% on Wednesday on the Paris Stock Exchange as analysts at Portzamparc added the stock to the list of their five favorite mid-caps (‘High Five’).
The brokerage firm indicates that it is displaying a buy recommendation on the stock, with a target price of 46.6 euros representing an upside potential of 53%.
In his study, Portzamparc explains that he envisages “many catalysts” for the title, judging in particular that the potential linked to the proposed sale of signaling activities has not been well integrated by the market.
The intermediary also said to expect a “good” first quarter turnover on the occasion of the publication scheduled for May 9.
Lacroix manufactures electronic equipment for its customers as well as IoT and AI solutions for the automotive, industry, connected homes and buildings, aeronautics-defense and health sectors.
The company also provides connected and secure equipment and solutions to optimize critical smart road infrastructures (public lighting, traffic management) as well as water and energy infrastructures.
Besides Lacroix, Portzamparc’s ‘High Five’ list includes titles Akwel, Equasens, Spie and Trigano.
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