Imerys: Bryan Garnier a buyer, following strategic review
(CercleFinance.com) - Bryan Garnier has confirmed its "buy" rating on the Imerys stock, along with its fair value of 85 euros, after the specialty mineral supplier announced the start of a strategic review of its roofing division.
After a contact with the company, the broker discerns three options for the group: a disposal, the establishment of an industrial partnership or new investments in the division to support growth.
Although it considers that a disposal would be a positive catalyst, the broker specifies that the share price's reaction would depend on the price, with the broker saying that a billion-euro transaction, as suggested by the press, would seem perfect.
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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.
After a contact with the company, the broker discerns three options for the group: a disposal, the establishment of an industrial partnership or new investments in the division to support growth.
Although it considers that a disposal would be a positive catalyst, the broker specifies that the share price's reaction would depend on the price, with the broker saying that a billion-euro transaction, as suggested by the press, would seem perfect.
Copyright (c) 2018 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.