Vinpai shares gained ground on the Paris Bourse on Tuesday, with the natural ingredients specialist benefiting from an Invest Securities note in which the brokerage firm initiated a buy on the stock.

At 12:15pm, the stock was up by just over 3%, compared with a 0.7% decline at the same time for the CAC Mid & Small index.

In its study, Invest emphasizes that Vinpai - whose products are used in the food, cosmetics and nutraceuticals sectors - is benefiting from strong demand, underpinned by major consumer trends.

The investment services provider thus expects growth to almost double between now and 2026, accompanied by a marked improvement in margins.

It adds that the recent capital increase will enable the company to finance its short-term needs, with a view to fuelling growth and consolidating visibility over the long term.

Its target price is €11.

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