Holcim: UBS still a buyer after sale of Indian businesses
(CercleFinance.com) - The company has announced the sale of its businesses in India for 6.
4 billion Swiss francs.
Following this announcement, UBS reinstates its buy rating on the stock, maintaining its target price at 55 Swiss francs.
"The sale of India is agreed for a ~14.5x EV/EBITDA," the broker said.
The company wants to focus on its Solutions & Products division, in which it has invested 5 billion Swiss francs over the past twelve months.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
4 billion Swiss francs.
Following this announcement, UBS reinstates its buy rating on the stock, maintaining its target price at 55 Swiss francs.
"The sale of India is agreed for a ~14.5x EV/EBITDA," the broker said.
The company wants to focus on its Solutions & Products division, in which it has invested 5 billion Swiss francs over the past twelve months.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.