Analyst Charles Brennan of Jefferies maintained a Hold rating on Capgemini SE (0HAZ – Research Report), reducing the price target to €150.00.
Charles Brennan has given his Hold rating due to a combination of factors affecting Capgemini SE. Despite being a well-managed company, Capgemini is currently facing a challenging market environment. Recent developments have generally been unfavorable, which could impact the company’s trading performance.
While the company’s initial guidance for the year appeared cautious, it seems justified given the broader economic news. Although Capgemini’s valuation is not overly high, the lack of growth prospects suggests that the stock is unlikely to see a significant re-rating in the near term.
According to TipRanks, Brennan is a 5-star analyst with an average return of 11.1% and a 64.09% success rate.