Cancom share price rises (27.74 €)
Positive development for shareholders: Cancom share price gains ground
The Cancom share price has risen noticeably in recent trading. At 27.74 euros, the share price is currently around 1.46 percent higher than the previous day's closing price of 27.36 euros.
Rise in share price continues positive trend
The recent increase in the Cancom share price is part of a positive trend that began in early 2023. Since then, the share price has risen by around 28 percent.
Several factors are likely to have contributed to the positive development of the Cancom share price. These include strong financial results, positive analyst recommendations, and a generally positive outlook for the IT sector.
Cancom: Strong financial results and positive outlook
Cancom recently announced strong financial results for the 2022 financial year. The company increased its revenue by 9.4 percent to 1.44 billion euros. Operating profit also increased significantly, rising by 14.3 percent to 118 million euros.
Cancom also has a positive outlook for the future. The company expects to continue to grow in the coming years. In particular, Cancom is benefiting from the increasing demand for IT services in the wake of the Corona pandemic.
Positive analyst recommendations
Several analysts have recently issued positive recommendations for Cancom shares. For example, the investment bank Jefferies recently raised its target price for Cancom shares from 29 euros to 32 euros.
Analysts cite Cancom's strong financial results, positive outlook, and attractive valuation as reasons for their positive recommendations.
Conclusion: Cancom share price offers potential for further gains
The recent increase in the Cancom share price is part of a positive trend that is likely to continue in the coming months. The company has strong financial results, positive analyst recommendations, and a positive outlook for the future.
Investors who are looking for a share with potential for further gains should therefore take a closer look at Cancom.
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