Saint-Gobain: Jefferies raises target price

(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on Saint-Gobain shares, raising its target price for them from E103.
1 to E147, a new target that implies nearly 75% upside potential for the building materials supplier's stock.

Despite a solid and predictable operating performance over the past five years in challenging market conditions, Saint-Gobain with a P/E of just 12.3x is trading at half or less of its peers' valuation, the broker highlights.

In 2025, the reset of its five-year targets, we believe, will redefine Saint-Gobain to look increasingly like its higher-value peers, setting the stage for a multi-year re-rating.


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