Sopra Steria: back towards all-time highs, HSBC in support
Alongside giants SAP and Dassault Systèmes, the stock is among the European technology stocks that HSBC analysts are today recommending as Buy in a sector study.
The British bank, which renews its buy recommendation and price target of 235 euros on Sopra, highlights the technology group's low stock market valuation and resilient business profile.
Its exposure to the banking sector remains one of the highest in our services coverage area, but is mainly focused on multi-year contracts which do not appear to be under threat", says HSBC.
The stock is currently gaining 2.7% after reaching a daily peak of 196.3 euros, not far from its all-time high of 198.3 euros. It is one of the strongest performers in the SBF 120 index.
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