(News Bulletin 247) – The Memscap share rose sharply on the Paris Stock Exchange on Wednesday, driven by a note from Euroland, which underlines the “wide and innovative” offer deployed by the specialist in electrical systems. mechanics (MEMS).
Around 12:30 p.m., the title climbed 8.5%, signing one of the strongest increases in the Paris market.
In a note released in the morning, Euroland believes that the French leader in MEMS has a “leading” industrial tool and “substantial” production capacities, which should allow it to carry out its strategic plan.
The stockbroking company thus says it expects an average annual growth in turnover of 26.2% for the period from 2022 to 2025.
‘At the current price, Memscap is paying 4.7x the ROC 2023e vs 10.5x on average for its peers’, adds Euroland.
‘Such a discount is not justified for this player which should combine sustained organic growth and high profitability’, continues the Parisian company.
In this context, Euroland initiates hedging of the ‘purchase’ security with a target price of 4.15 euros.
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