Saint-Gobain: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF reinstates its "buy" rating on the Saint-Gobain share, having raised its corresponding target price from 30 euros to 35 euros, given a normalised EBITDA margin raised to 12.
7% to reflect a higher growth momentum and updated market data.
"The share's rebound is expected to continue, given the possibility of a "green deal" that would benefit the European renovation business (43% of the Group sales), says the analyst who monitors the building materials group.
Beyond a balance sheet that has withstood this shock, there is no need to point out the transformation plan that is now in the making and the progress made in just 18 months, not to mention the improvement in the cash conversion rate, the analyst adds.
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