Saint-Gobain: Barclays raises TP

(CercleFinance.com) - Barclays announced on Monday that it had raised its target price for Saint-Gobain shares from E87 to E102, highlighting the French building materials giant's growth prospects.


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

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.

In its view, 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.

Barclays therefore maintains its 'overweight' recommendation, strongly convinced by the stock.


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