Stif: The stock rises, an analyst initiates buying

( – Stif shares traded sharply higher Monday morning on the Paris Stock Exchange, driven by a favorable rating from analysts at GreenSome Finance, who see a potential increase of 79% in the value.

Shortly before 12:00 p.m., the stock of the explosion protection specialist rose almost 10%, marking one of the biggest increases in a Parisian market up 0.5%.

In a note published last week but relayed today by the company, GreenSome Finance initiated monitoring of the stock with a purchase recommendation and a price target of 12.7 euros.

The design office emphasizes that beyond its historical businesses in bulk handling and bucket elevators, the Angevin family group has growth drivers (representing around 30% of turnover) in transport products. protection against the risks of dust explosions and the protection of battery energy storage systems known as ‘BESS’ (Battery Energy Storage System).

In this area, Stif announced at the beginning of the month that it had obtained a contract with Tesla for the supply of anti-explosion panels, equivalent to a turnover of around 10 million euros for 2024.

Stif, which plans to reach 80 million euros in turnover by 2027, has posted a gain of 20% since its IPO on December 20.

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