SES-imagotag: buyers encouraged by an analyst
The German bank - which had briefly placed its recommendation on the stock "under review" - explained this morning that it was reiterating its "buy" recommendation, accompanied by a new price target of 215 euros, compared with 175 euros previously.
In its research note, the German firm believes that investors should be prepared for a resurgence of buying interest in the stock following the recent accusations made by the US Gotham fund.
In our view, the consensus does not fully reflect the margin-increasing nature of its penetration rate in a high-value-added segment, nor its growing adoption in the market, particularly in the US", explains Berenberg.
Its new price target shows a potential upside of around 73% compared with Monday evening's closing price.
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