Report
Gregory Ramirez

SOPRA STERIA GROUP: Securing solid growth for 2021 | BUY | EUR199 VS. EUR194 (+29%)

SOPRA STERIA GROUP - BUY | EUR199 VS. EUR194 (+29%)
Securing solid growth for 2021

We maintain our Buy rating and have raised our target price to EUR199
Better-than-expected turnaround in Q1 was almost across the board
Hiring activity has resumed and the bench of engineers has resorbed
We are now confident in the top-end of FY21 lfl sales growth guidance
Underlying
Sopra Steria Group SA

Sopra Steria Group is a global player in IT services, with operations in consulting, software development, and integration. In addition to France, Co. operates in the United Kingdom, Spain, Italy, Switzerland, Germany, and Belgium, assisting its clients in managing the transformation of their businesses and information systems. Co. divides its operation into three categories: Consulting, Systems and Solutions Integration, and Software Development; which it spreads among eight major verticals: Financial Services, Insurance and Social Welfare, Public Sector, Telecom Operators, Aerospace and Defense, Energy, Transport and Courier Services, and Retail.

Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Gregory Ramirez

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