Indrawith a rise of 135% so far this year, is the most bullish company in the world. IBEX35. The company chaired by Scribe Angel exceeds 40 euros per share and is close to 7,200 million in capitalization, adding more than 4 billion stock market value since the exercise started.
The market and analysts have rewarded the company for its commitment to the Defense sector. In fact, despite the strong revaluation on the stock market, the consensus still trusts the company and so far in October it has already accumulated an increase of 7%. Of the 18 analysts who follow the firm, 12 recommend buying its securities, four keep them and only two sell them.
One of the last analysis houses to review its recommendation has been Bernstein. It gives you a target price of 50 euros per share, which represents a journey of 25% from current prices.
However, this has not been the only entity that has shown its optimism regarding the company in recent months. Signatures like Berenberg, CaixaBank, Santander, Goldman or Morgan Stanley They have revised their recommendation advising to buy their securities.
Last September, Berenberg began its coverage of the company with a valuation of 41 euros, a buy recommendation and the conviction that “it is too cheap to be ignored.”
The German entity’s analysts highlight that the multiples at which they are quoted are attractive taking into account the growth potential it has and believe that the increase in defense spending in Spain is translating into opportunities for Indra.
For its part, Bankinter selects it among its preferred securities to face the last quarter of the year. In addition, it is one of its favorite securities on the Spanish stock market and in the defense sector, with a target price of 44.8 euros per share.
