SMCP: share price rises, analyst initiates buy decision

(CercleFinance.com) - SMCP shares gained ground on the Paris Bourse on Thursday, with the ready-to-wear group benefiting from a note from TP ICAP Midcap in which the brokerage firm initiated coverage of the stock with a buy recommendation.


At 12:15 pm, the stock gained 1.9%, compared with a 0.6% gain at the same time for the CAC Mid & Small.

Analysts at TP ICAP Midcap announced this morning that they had initiated coverage of the 'accessible luxury' specialist with a buy recommendation.

The key to the case lies in a clarification of the shareholder structure", says the investment bank in a note.

"If this were the case, the speculative aspect of the case would be reinforced", it adds.

In the meantime, the 2026 plan could allow minority shareholders to wait and benefit from the turnaround in profitability, even if 2025 should remain a transitional year, according to TP ICAP Midcap.

TP ICAP Midcap is targeting a share price of 5.6 euros for the owner of the Sandro, Maje, Claudie Pierlot and Fursac brands.

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