SOPRA STERIA : price target raised by Oddo BHF
Yesterday's 10% rise in the share price seems justified by the rerating induced by good 2023 results, 2024 guidance and the planned disposal of SBS "which crystallizes the value of this asset while simplifying the group's structure".
Despite an excellent 12-month performance, the share is still valued at 10 times EV/EBIT 2024 (after SBS and recurring 'exceptional' expenses), which is still a slight discount to European peers (over 10.5 times EV/EBIT)", he adds.
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