Assystem (ASY FP) France

Industrials

Engineering group with a large non-strategic stake for sale. Assystem is benefiting from an ongoing €50bn program to extend the life of French nuclear power plants. With French electricity prices on the rise, and an expected 20% increase in capital expenditure on nuclear power over the next three years, LPE forecast a 40% increase in Assystem’s EPS in 2023, compared to 2021. TP €45 (~45% upside)

Edition: 121

- 15 October, 2021

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