BVS BRAVURA SOLUTIONS LIMITEDWealth Management & Investments -...

BVS BRAVURA SOLUTIONS LIMITED

Wealth Management & Investments - Overnight Price: $2.88

Goldman Sachs rates ((BVS)) as Buy (1) -

Goldman Sachs has incorporated Bravura Solutions' acquisition of Delta Financial Systems in its model. While the sales pipeline remains strong, Goldman Sachs believes Bravura will likely continue to be impacted by covid, especially in the UK.

The broker takes Bravura Solutions to be well-positioned due to its strong market position in existing offerings and a high degree of recurring revenues along with an emerging microservices ecosystem strategy that should increase the company's scope and velocity of sales.

Goldman Sachs maintains its Buy rating with the target falling to $4.20 from $4.50.

This report was published on February 4, 2021.

Target price is $4.20 Current Price is $2.88 Difference: $1.32
If BVS meets the Goldman Sachs target it will return approximately 46% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY21:

Goldman Sachs forecasts a full year FY21 dividend of 11.00 cents and EPS of 16.00 cents.
At the last closing share price the estimated dividend yield is 3.82%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.00.

Forecast for FY22:

Goldman Sachs forecasts a full year FY22 dividend of 12.00 cents and EPS of 18.00 cents.
At the last closing share price the estimated dividend yield is 4.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.00.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

*********Courtesty FN Arena free site. *******

Certainly more optimistic in its outlook than I currently have been ! PJ