Wendel: Société Générale raises target price.
(CercleFinance.com) - Still upbeat about the Wendel share, on which Société Générale (SG) has a buy rating, this morning analysts raised their 12-month target price from 149 euros to 157 euros.
SG has increased its target price due to the rise in Bureau Veritas and Saint-Gobain share price, Wendel's two largest stakes.
SG's report mentions "Still substantial upside potential despite the recent rise," as the stock has risen by almost 34% over the past year.
"The stock continues to trade at a high 25% discount to NAV per share," SG underlines.
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