Verallia: share price ends sharply higher, Stifel remains Buy

(CercleFinance.com) - Verallia's share price ended up 4.
4% after a positive analysis by Stifel.

Stifel reiterated its 'buy' recommendation on Verallia, while reducing its target price from 51.97 to 45 euros, to reflect a reduction in its estimates and the lower peer multiples used in its valuation of the group.

Pointing out that the share price has fallen by nearly 25% over the past month, largely following the earnings warning, the broker considers this selling wave 'exaggerated' and sees it as 'an opportunity to invest in a first-class glass packaging manufacturer'.

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