Vinci: share afloat thanks to RBC comments
(CercleFinance.com) - Vinci shares managed to keep their head above water on Tuesday morning in Paris, posting one of the few gains in the CAC 40 after RBC's comments, which considers the construction giant's share to be trading at a discount, despite the catalysts from which it could benefit.
The Canadian broker, which begins monitoring the stock with an 'outperform' rating and E130 target price, believes that the French group has significant potential for value creation.
We believe that the quality of Vinci's construction businesses is only improving (under the impact of the energy transition), and consider that an extension to Gatwick airport (following that of Aerodom) could further strengthen the group's confidence in its ability to create value from its existing portfolio, the broker says in a study devoted to the concessions sector.
At 11am, the share was up 0.2%, the fourth biggest gainer on the Paris blue-chip index, which was losing 1% at the same time.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The Canadian broker, which begins monitoring the stock with an 'outperform' rating and E130 target price, believes that the French group has significant potential for value creation.
We believe that the quality of Vinci's construction businesses is only improving (under the impact of the energy transition), and consider that an extension to Gatwick airport (following that of Aerodom) could further strengthen the group's confidence in its ability to create value from its existing portfolio, the broker says in a study devoted to the concessions sector.
At 11am, the share was up 0.2%, the fourth biggest gainer on the Paris blue-chip index, which was losing 1% at the same time.
Copyright (c) 2024 CercleFinance.com. All rights reserved.