(News Bulletin 247) – AlphaValue announced Thursday that it has raised its recommendation on the Sopra Steria share to ‘buy’, against ‘lighten’ previously, with a price target raised from 189 to 252 euros.
In a research note, the design office underlines that the acquisitions of CS Group, Tobania then Ordina will change the size of the technological group by allowing it to increase its annual turnover by more than 15%.
Beyond this simple perimeter effect, the Parisian firm indicates that these operations will allow the company to increase its geographical position in the Netherlands and Belgium while reducing its exposure to France and the United Kingdom, which was previously very high.
‘All these elements mean that a discount can no longer be justified on the basis of a comparison with the valuations of its peers’, concludes AlphaValue.
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