INDRA SISTEMAS: Outstanding quarter and guidance revised upwards | BUY | EUR12 VS. EUR11 (+50%)
INDRA SISTEMAS - BUY | EUR12 VS. EUR11 (+50%)Outstanding quarter and guidance revised upwards
We reiterate our Buy rating and raise our TP to EUR12 from EUR11
Outstanding Q2 growth was driven by T&D and Public administration
FY21 guidance has been raised
Deleveraging the balance sheet paves the way to use more cash
Indra Sistemas is engaged in the design, development, manufacture, assembly, repair, and installation of computer software and applications. Through its subsidiaries, Co. is engaged in consulting, graphic design and multimedia, web design and marketing, internet development and electronic trade, systems integration and hosting geared business to business and business to consumer, as well as in internet financing and electronic marketing. Co. serves defense and security, transport and traffic, energy and industry, telecom and media, finance and insurance, and public administration and healthcare markets. Co. operates primarily in Europe, the United States, Canada, and Latin America.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.