(News Bulletin 247) – Invest Securities confirms its buy rating on Assystem shares, with a price target raised from 54 to 55 euros.
The analyst estimates that the turnover for the 1st quarter, which rose by 16.4%, illustrates the message sent by management in mid-March on the occasion of the 2022 results, namely that ‘the acceleration of growth would be faster than initially envisaged’.
‘Knowing that the main bottleneck, recruitment, is also rather well managed (25% of recruitments planned for 2023 made in Q1), the momentum is indeed improving on the consolidated activities’, underlines the office of studies.
Invest Securities now believes that ‘the only uncertainty lies in the timing of the sale of the stakes in Expleo and Framatome’ but stresses that ‘more than ever, Assystem remains a strong conviction to benefit from the revival of nuclear power’.
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