(News Bulletin 247) – With gains of almost 7%, the SES-imagotag share posted by far the biggest rise in the SBF 120 index on Tuesday morning on the Paris Stock Exchange following encouraging comments from analysts at Berenberg.
The German bank – which had briefly placed its recommendation on the title ‘under review’ – explains this morning to reiterate its advice to buy, which it matches with a new target price of 215 euros, against 175 euros previously.
In its research note, the German establishment believes that investors should be prepared for a strong comeback from buyers on the stock following recent accusations launched by the American fund Gotham.
‘From our point of view, the consensus does not fully reflect the accretive nature in terms of margins linked to the increase in its penetration rate in a segment with high added value, nor its growing adoption within the market, particularly in United States’, explains Berenberg.
Its new price target shows an upside potential of around 73% compared to the closing price on Monday evening.
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