Invest Securities raises its opinion on Bigben from 'neutral' to 'buy', while adjusting its target price from seven to 6.8 euros, noting that since its downgrade last November, the stock has dropped 23%, clearly underperforming Nacon.

In addition to the +28% potential implied by its new price target, the research firm highlights the distribution of Nacon shares to Bigben shareholders scheduled for this summer (4.3% of capital, equivalent to an 8.7% dividend).

Invest Securities has therefore upgraded its rating to 'buy', 'even though Bigben's own momentum is limited to the revaluation of Nacon and the continued distribution of Nacon shares to its shareholders'.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.