Saint-Gobain: well oriented with broker's comments

(CercleFinance.com) - Saint-Gobain climbs nearly 4% to top the CAC40 index, on the back of favorable comments from Jefferies, which reaffirms its 'buy' recommendation and raises its target price for the building materials supplier from 103.
1 to 147 euros.

Despite a solid and predictable operating performance over the past five years in difficult market conditions, Saint-Gobain, with a PE of only 12.3 times, is trading at half or less of its peers' valuation," the broker points out.

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