(CercleFinance.com) – SES-imagotag gains nearly 1% on the Paris stock exchange, supported by an analysis by Stifel which reaffirms its ‘buy’ recommendation on the stock, with a price target drastically raised from 64 to 103.36 euros, representing a growth potential of 58% for the title of the French specialist in electronic labeling for distribution.
‘The expansion of valuation multiples compared to the past is justified by the growth of value-added solutions, which strengthens the recurring revenue profile as well as the profitability of the group’, explains the broker.
According to Stifel, ‘SES-imagotag successfully faced the difficult context for supply chains and ended 2021 with organic growth of 46%’, which ‘combined with a good appetite for value-added solutions which are increasing by nearly 70%.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
