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GBL: SG maintains 'hold' rating.

(CercleFinance.com) - Société Générale maintains its hold rating on the shares of the Belgian holding company GBL, while its analysts appreciate "the combination of experience and expertise".
SG analysts maintain their 12-month target price of 97 euros on the stock.

SG organised a meeting with the holding company's management and co-CEO Ian Gallienne. In recent years, the investment team has done a lot of work in selecting the sectors in which GBL primarily wants to invest (consumption, industry and services) and has identified 30 to 40 listed companies that meet its criteria within these sectors. GBL believes that it has a high level of expertise regarding these companies, SG's report says.

In addition, GBL does not want to take on debt debt or invest in companies with unbalanced balance sheets, SG reports: in addition, the group should at least maintain its dividend.

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