Saint-Gobain: stock peaks with Barclays backing

(CercleFinance.com) - 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.


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