Accueil > Actualité
Actualite financiere : Actualite bourse

Saint-Gobain: stock peaks with Barclays backing

( - Saint-Gobain shares rose on Monday morning on the Paris Bourse, boosted by Barclays' comments, which highlighted the French building materials giant's growth prospects.

The share, up over 21% YTD, climbed 0.3% around 9:40 a.m., setting a new all-time high of almost E81, while the CAC 40 index was down slightly (-0.1%).

Barclays recommends that investors buy the stock, which it sees potentially rising above the E100-threshold.

The broker points to a combination of favourable factors, including a possible market recovery, improved prices and lower costs, in-house measures and possible acquisitions (M&A) likely to generate synergies.

The broker believes that the group could thus be in a position to significantly exceed market forecasts for 2025, even in the absence of a significant upturn in business volumes.

The analyst, who as increased his target price for the share from E87 to E102, maintains an "overweight" rating on it, convinced about the stock.

Copyright (c) 2024 All rights reserved.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.