Visiativ share price does not reflect its full potential, Kepler initiates with 'buy'

Visiativ SA

24/01/2022 08:37

** Kepler Cheuvreux initiates Visiativ  ALVIV.PA  with "buy"
and target price of 39 euros, saying the French software firm's
share price fails to reflect its full potential
    ** Visiativ's shares were up 2.4% at 08:34 GMT
    ** The brokerage sees the group posting a 7.4% sales CAGR
over 2020-23, fuelled by its software editing and consulting
businesses and its international expansion
    ** Kepler also expects the company's EBITDA margin to
gradually improve to 12.8% in 2023 amid a more positive product
and geographical mix and operational efficiency gains
    ** The broker sees an improvement in free cash flow
generation (10% FCF yield in 2023), which should support the
stock's performance
    ** The 6 analysts covering the stock rate it "strong buy" or
"buy"
    
    

 (Reporting by Diana Mandiá)
 ((diana.mandiaalvarez@thomsonreuters.com))