Genesta recommends to invest in Paragon ID shares and estimates a rise in value of +70%.

In January 2018, the independent financial analyst, Genesta, reported on its selection of the top 5 shares with high potential for the first half of 2018.

It is the first time Paragon ID has made the selection with the analyst giving an estimated potential of +70%, the highest of the selected companies.

Genesta writes: “Paragon ID is in the process of becoming a European champion of contactless solutions. The company will benefit from a stronger market position, optimizing its cost structure and highlighting high margins, in line with the highly technological positioning of their proposition.”

Based on 1/ Paragon ID’s diverse and exhaustive offering, 2/ its technological and industrial synergies following the reorganisation, 3/ the strong growth in the sector and 4/ it’s estimation on the potential value of the share, Genesta strongly recommends a strong buy for Paragon ID shares with an objective of 2.10€, a potential rise of 70%.

Click here to access Genesta’s full half-year report (only available in French).

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