(News Bulletin 247) – Stifel maintains its Buy recommendation on Sword Group shares and its price target at 60E.
The sale, by Sword group, of its subsidiary specializing in IT outsourcing, is noted by the analyst: ‘In financial terms, this sale leads us to revise our EPS slightly downwards, but does not fundamentally change our valuation. of the group’.
For Stifel, Sword ‘which should continue to show organic growth of more than 15% over the next few years’, remains ‘extremely well managed and should continue to benefit from its continued mergers and acquisitions activities’.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
