Cosumar: BKGR Recommends Buy in Anticipation of New Growth Drivers

Analysts at BKGR have slightly increased their target price for Cosumar, a stock typically regarded as "defensive." They believe that Cosumar, traditionally anchored in its position as a unique operator, could reinvent itself in a new strategic phase where synergy creation becomes the main catalyst for growth and valuation. This transition occurs against a backdrop of the need to enhance agricultural productivity, optimize industrial efficiency, and expand development avenues. By leveraging its role as a unique aggregator in the sector and its capacity for sustainability innovation, the group could explore new sources of value through multiple synergies, in addition to its role in food sovereignty. These synergies could involve capital partnerships, strategic mergers with complementary players, or diversification of market outlets. Cosumar may be entering a new cycle that balances growth and resilience. In line with its development strategy, the Moroccan sugar producer is expected to explore national diversification and development opportunities that could transform sugar into a multi-sector growth lever. According to BKGR, "the operator seems poised to launch a high-impact, value-added innovation project in Morocco." Historically valued for its stability and attractive yield, the stock could benefit from a structural revaluation due to a strategic transformation that should provide investors with better visibility on medium-term value creation. The gradual integration of internal and external synergies could lead to improved commercial efficiency, optimized supply chains, and sustainable margin enhancements, thereby unlocking significant stock market potential. The stock is thus recommended for purchase with a target price of 271 DH.