(Boursier.com) — Thales is firm at 164 euros this Tuesday, up 0.5%, while DZ Bank maintains the file with an adjusted price target of 154 to 165 euros, after the announcement of orders and quarterly sales of the group which came out better than planned, helped by defense activities: The equipment manufacturer presented in Q1 order intake which increased by 46% to 5.037 billion euros, including a third tranche of Rafale fighter jets for Indonesia and an aerial surveillance system for a Middle Eastern country. Thales’ turnover increased organically by 7.9% to 4.421 billion euros. On average, orders were anticipated by analysts at 3.650 billion euros and sales at 4.350 billion euros.
The group’s financial director, Pascal Bouchiat, declared on this occasion that growth would “without a doubt normalize” in the second half of the year. Thales also confirms its annual objectives, with organic growth in its turnover of between 4% and 6% to reach a range of 19.7 to 20.1 billion euros.
Among other brokers’ opinions, Goldman Sachs remains a buy on Thales, while raising its target to 184 euros, while Barclays is at ‘market weighting’ on the file with a price target of 167 euros.
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