titles Indra They continue their upward path and surpassed all-time high prices this week. The stock closed yesterday’s session at a price of 14.53 euros per share; this price, when adjusted for historical series dividends and increases, would exceed the historical maximum of 14.51 euros per share reached on 7 November 2007. The price continues at these levels.
Since the beginning of the year, The company’s shares increased by nearly 40 percentIt currently ranks among IBEX35’s seven most positive readings for 2023. The latest results presented were extremely positive, with the company’s revenue increasing by 12% through September 30, 2023, driven by the defense and security market. This was reflected in a 9 percent increase in the share price.
HE strategic turn The project, which Indra realized with the arrival of Marc Murtra about two years ago and represents an acceleration in the defense business, was well received by investors. According to Bankinter analysts after the release of the latest results, they confirmed the solidity of the fundamentals, which is also supported by the increase in defense spending in EU countries in the coming years.
The consensus from analysts gathered by Bloomberg shows the company rising 9% to 15.72 euros per share. Of the 19 analysts following the company, 11 recommend buying its securities, 6 recommend keeping them, and only two recommend getting rid of them. Moreover, the most optimistic analysis organizations such as CaixaBank BPI, Bryan Garnier or Société Générale estimate its shares at between 18 and 18.8 euros per share, which means increases of up to 30% from current levels.