Investing.com – Atos SE (EPA:) stock posted a phenomenal rise of 96.15% on Monday, the largest gain of any stock on the Paris Stock Exchange.
Investors reacted strongly to the announcement of the receipt of a non-binding offer from the French State relating to the potential acquisition of 100% of the Advanced Computing activities of its BDS division, on the basis of a value of company of 500 million euros, with options to increase to 625 million euros including price supplements.
Remember that the Advanced Computing division of Atos brings together the High-Performance Computing (HPC) & Quantum divisions as well as the Business Computing & Artificial intelligence divisions, which recorded a turnover of around 570 million euros in 2023, and which employ around 2,500 employees.
Antoine Armand, France’s Minister of Economy, Finance and Industry, called the offer “a key step (which) confirms the solidity of the state’s project for these sovereign activities.”
Indeed, the activities that the State wishes to buy from Atos are considered highly strategic for National Defense.
Note also that this offer from the State comes at a time when the company is in the process of restructuring, and its shares have collapsed this year. Indeed, despite yesterday’s rally, the stock is still down more than 95% compared to the start of the year.
In other words, although Atos’ bullish burst on Monday caught the attention of thousands of investors, it’s arguably not the best French stock to buy now, even for those who are ready to take risks.
Fortunately, there are many other opportunities listed on the Paris stock exchange which display high upside potential while benefiting from a more favorable profile and situation than Atos.
The Investing.com screener allowed us to identify 12 French stocks which combine the following qualities:
- Upward potential of more than 30% according to InvestingPro Fair Value
- Upward potential of more than 30% according to analysts
- Health score above 2.5/5
- Market capitalization greater than 1 billion euros
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Note that the upside potential of these stocks ranges from +33.9% to +55.5% according to InvestingPro Fair Value, and from 30.3% to 100% according to analysts. Additionally, several stocks on the list pay a significant dividend.
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