Report

En attente de la levée des incertitudes MT - NEUTRE, OC 78€

Alors que Gemalto est parvenu à s’imposer comme la référence de l’authentification, l’émergence du paiement mobile pourrait rebattre les cartes et soulève des incertitudes quant à son positionnement à LT et sa capacité à atteindre son objectif d’EBITA 2017 de plus de 660m€ (620m€ attendus). Dans l’attente de la levée de ces interrogations et après la sensible revalorisation depuis mars 2015 (+15% vs Euro Stoxx), nous adoptons une opinion à NEUTRE avec un objectif de 78€ (-2%).
Underlying
Gemalto N.V.

Gemalto is a holding company. Co., through its subsidiaries, provides digital security solutions, mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM) in mobile phones, smart banking cards, electronic passports, and USB tokens for online identity protection. Co. also provides software, systems and services to help its customers achieve their goals. Co. operates in three business segments: Mobile Communication; Secure Transactions; and Security.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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