(News Bulletin 247) – Euroland maintained its buy recommendation on Sword shares on Friday, with a target price of 53 euros, welcoming the annual results as well as the “good prospects” for 2023 announced by the advisory group in technology.
The stockbroker points out that the company had a “solid” financial structure at the end of 2022, with net cash of 38.7 million euros allowing it to finance its projects and to be active in terms of acquisitions.
‘On this subject, the management is, as usual, pragmatic and intends to wait to unearth targets at a price deemed reasonable’, indicates Euroland in a note.
Analysts say they are confident in the group’s ability to deliver sustained growth and seize accretive external growth opportunities, as in the past.
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