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Saint-Gobain: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF reiterates its "buy" recommendation on the Saint-Gobain share, having raised its target price from 27 euros to 30 euros, which means upside potential of 8% for the French building materials group's share.


The broker reacted to Saint-Gobain's exit from Sika's capital by selling shares, saying that this was largely expected by the market, underlining a favourable price of at least 4.5 euros per share, with the deal significantly strengthening its balance sheet.


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