Saint-Gobain: Jefferies raises its target price

(CercleFinance.com) - Jefferies reaffirms its 'buy' recommendation on Saint-Gobain and raises its price target from €103.
1 to €147, a new target that implies a potential upside of nearly 75% 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 PE of just 12.3 times 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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