A New Direction for Indra
Since Marc Murtra assumed the presidency of Indra on May 27, 2021, the company has undertaken a process of significant change. This process has focused on the defense sector, marking a milestone in the company’s history.
During these years, Indra shares have experienced notable growth, multiplying their value almost threefold and becoming the most bullish company on the Ibex 35, reaching all-time highs.
An Innovative Strategic Plan
In March of this year, the company presented its new strategic plan, which focuses on defense, aerospace and advanced digital technologies. This plan aims to take Indra to a new dimension in its field of action.
Marc Murtra, during the presentation of the plan, explained that the objective is to turn Indra into the Spanish multinational of reference in defense, aerospace and advanced digital technologies. This ambitious project seeks to strengthen the strategic autonomy of Spain, aspiring to lead the national ecosystem in less than 10 years.
Focus on the Defense Sector
Indra’s commitment to the defense sector has been the main focus of attention for analysts and investors. This division is expected to experience significant growth due to increased defense investment needs by European countries.
Indra’s strategic plan foresees that the defense division will lead the company’s growth, with a projected increase in sales at a rate of 12% annually between 2023 and 2026, exceeding the growth expected for the group as a whole.
Perspectives on the Stock Market
Despite the remarkable growth in the stock market in recent years, analysts still see potential in Indra’s titles. The consensus sets its target price at 22.13 euros per share, which represents a growth potential of around 10%.
None of the 16 analysts who follow the company recommend selling their titles, 11 advise buying them and five give you a recommendation to maintain. The most optimistic analysis house with Indra is Bernstein, which has raised its valuation of the company to 29 euros after the presentation of first quarter results.