Saint-Gobain: Oddo remains positive after GCP takeover

(CercleFinance.com) - Oddo BHF reiterates its "outperform" rating on Saint-Gobain shares, along with its target price of 80 euros, following the group's announcement of its takeover of the US GCP Applied Technologies group.


While the main issue remains the size of the target, which does not make it a transforming transaction, the broker believes that a collection of small and medium-sized transactions will help boost the group's share price in the long term.

The analyst believes that Saint-Gobain's share price has significant potential to catch up with its peers, such as Rockwool and Kingspan, and that its continued rerating will depend on its financial performance in the coming quarters.


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