Teleperformance (0J6X) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Remi Grenu maintained a Buy rating on Teleperformance today and set a price target of €141.00. The company’s shares closed yesterday at €87.58.
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According to TipRanks, Grenu is a 2-star analyst with an average return of 0.7% and a 50.00% success rate. Grenu covers the Industrials sector, focusing on stocks such as Adecco Group AG, Hays plc, and PageGroup.
Teleperformance has an analyst consensus of Moderate Buy, with a price target consensus of €122.22, which is a 39.55% upside from current levels. In a report released on June 27, Exane BNP Paribas also maintained a Buy rating on the stock with a €125.00 price target.
Based on Teleperformance’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €5.2 billion and a net profit of €232 million. In comparison, last year the company earned a revenue of €4.39 billion and had a net profit of €331 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0J6X in relation to earlier this year.
