Saint-Gobain: Oddo maintains buy rating
(CercleFinance.com) - Yesterday, Saint-Gobain's Board of Directors reviewed its shareholder returns policy and announced a 2020 dividend of 1.
33 euro, to be paid in 2021.
Oddo said that Saint-Gobain has finally achieved its medium-term target of reducing the number of shares outstanding to 530 million, compared to 542 million at the end of December 2019.
The shareholder return policy remains "broadly unchanged". In this context, Oddo maintains its buy rating on the stock, with a target price of 45 euros.
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