--Nomura initiates Capgemini with "buy" recommendation

Internet Business News
04-07-2011
--Nomura initiates Capgemini with "buy" recommendation

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

7 April 2011 - Nomura has started coverage of French IT services provider Capgemini (EPA:CAP) with a "buy" rating and a share price target of EUR50, which leaves a 20% growth potential for the stock.
For 2011, the broker expects Capgemini's operating profit to exceed by 6% the consensus forecast.

At the same time, Nomura sees organic revenue growth of 5.4% and 5.7% for 2011 and 2012, respectively. For 2013, organic growth is expected to reach 6.2% on the back of the positive outlook for the entire IT sector and the possibility for Capgemini to gain new market shares.

Today, the shares in Capgemini had eased by 0.04% to EUR41.17 on Euronext Paris at 12:55 CET.

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