Saint Gobain: UBS remains Buy on the stock

(CercleFinance.com) - Saint-Gobain reported Q3 sales of E11.
57 billion, reflecting a 2% decline in activity on a like-for-like basis.

The analyst notes a slight rise in margins and a gradual recovery in volumes through to 2025. It confirms its buy recommendation on the share and leaves its target unchanged at E91.

'The EBIT consensus should hold, with encouraging comments on margins. The outlook is for a gradual improvement through to 2025, even if France will take time to stabilize' says UBS.

Saint-Gobain is targeting a further increase in operating margin in 2024.

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