Banijay's Stock Soars 15% Over the Week, Deutsche Bank Targets €14.40
Banijay Group's stock advances against a declining Parisian market trend. The stock marked a nearly 15% increase over the week, while the CAC 40 dropped 1.45% during the session to 7,965 points. The entertainment group stands out in a SBF 120 that also fell by 1.43%.
Deutsche Bank Raises Target to €14.40 and Reaffirms Buy Recommendation
Deutsche Bank today raised its price target on Banijay Group to €14.40, up from €13.00, while maintaining its buy recommendation. The new target price represents a theoretical potential of about 51% compared to the current price of €9.52.
The revision follows the completion on April 24 of the acquisition of Tipico, a move that elevates the group to the rank of the fourth largest European operator in sports betting and online gaming, with a revenue target of €3.1 billion.
Based on consensus estimates, the stock is trading at about 8.4 times the earnings expected for the current fiscal year and 7.4 times those of 2027, compared to an industry average of 14.5 times for the Consumer Discretionary sector. The expected growth in earnings per share from one year to the next is 14.3%.
A Rally That Propels the Price Above the Upper Bollinger Band
The stock is up 3.7% to €9.52, bringing its gain to 14.7% over the week and 12% over three months. The price is now 12.3% above the 20-day moving average (€8.48) and has broken through the technical resistance identified at €9.18.
The RSI climbs to 71, the first overbought threshold. Importantly, the price has surpassed the upper Bollinger band (€8.92), a positioning that reflects the magnitude of the recent rally relative to the volatility observed over 20 sessions.
No financial meetings are scheduled in the group's published calendar for the short term. The breakthrough of €9.18 and the consolidation above the 20-day moving average summarize the technical momentum to watch for the upcoming sessions.
