Saint-Gobain: Oddo confirms rating
(CercleFinance.com) - Saint-Gobain announced that it has entered into an agreement for the acquisition of Continental Building Products for a total enterprise value of approximately 1.
4 billion dollars.
This acquisition in plasterboard in the United States is worth 1.3 billion euros Oddo highlights, adding that this is a price that is consistent with previous transactions.
Following this announcement, Oddo confirms its Buy rating on the share, with a target price of 42 euros (15% upside potential).
Continental Building Products is expected to report 2019 revenues of 510 million dollars, with an estimated adjusted EBITDA of 130 million dollars, analysts say.
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