(CercleFinance.com) – Euroland renewed its buy recommendation on Sword Group stock on Friday, with a target price of 52 euros, following the presentation, the day before yesterday, of the digital transformation specialist’s 2021 results.
The research department notes that the publication was also an opportunity for the group to come back to the sale to Riskonnect of its risk management activities (GRC).
Although the amount of the sale has not been disclosed, Euroland refers to an operation that is “extremely profitable from a financial point of view”.
According to the analyst, Sword should, according to his calculations, record a “substantial” book value over the financial year, after deduction of transaction costs.
The cash generated should allow the group to finance its growth, to make targeted acquisitions, particularly in software and to remunerate shareholders, he recalls in a note.
For the record, Sword has announced that it intends to offer an exceptional dividend of ten euros per share, a coupon which – according to Euroland – should not come out below 1.20 euros in the following years.
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