Indra shares continue to rise and surpassed their all-time high price this week. The stock closed yesterday’s session at €14.53 per share, which, if the historical series is adjusted for dividends and raises, would exceed the all-time high of €14.51 per share reached on November 7, 2007. Today, in the middle of the session, the stock price continues to remain at these levels.

Since the beginning of the year, the company’s shares have fallen. growth about 40%currently ranked among the seven most optimistic values ​​for the IBEX35 index in 2023. The latest results reported show that the company’s revenue grew by 12% to September 30, 2023, driven by growth defense and security marketwere very well received by the market, which is reflected in Increase in share price by 9%.

The strategic shift that Indra undertook with the arrival of Mark Murtra just over two years ago, which has given a boost to the defense business, has been well received by investors. According to Bankinter analysts, after the presentation of the latest results they confirmed the power of the basicswhich are also supported by increased EU defense spending in the coming years.

Analyst consensus collected Bloomberg gives the company an increase of 9%, to 15.72 euros per share. Of the 19 analysts who follow the company, 11 recommend buying the stock, 6 are holding it, and only two are selling it. Moreover, the most optimistic analysts such as CaixaBank BPI, Bryan Garnier or Société Générale value their shares in the range of 18 to 18.8 euros per share, which means an increase of up to 30% compared to current levels.