Bourbon: stock down 4%, with analyst downgrading to sell.

(CercleFinance.com) - The Bourbon stock is down over 4% after analysts at Société Générale (SG) downgraded it.


The French bank's research team have adopted a "sell" rating (vs. Hold), and have slashed their target price for the share - halving it to six euros.

SG analysts believe that Bourbon's 2016 accounts are "disappointing" and that its outlook for 2017 is "worrying". According to Société Générale, the group is expected to make a string of losees between 2017 and 2019 totalling 620 million euros in all.


Copyright (c) 2017 CercleFinance.com. All rights reserved.