Wendel: Société Générale raises target price.
(CercleFinance.com) - Still upbeat about the Wendel share, on which Société Générale (SG) has a buy rating, this morning analysts raised their 12-month target price from 149 euros to 157 euros.
SG has increased its target price due to the rise in Bureau Veritas and Saint-Gobain share price, Wendel's two largest stakes.
SG's report mentions "Still substantial upside potential despite the recent rise," as the stock has risen by almost 34% over the past year.
"The stock continues to trade at a high 25% discount to NAV per share," SG underlines.
Copyright (c) 2017 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.
SG has increased its target price due to the rise in Bureau Veritas and Saint-Gobain share price, Wendel's two largest stakes.
SG's report mentions "Still substantial upside potential despite the recent rise," as the stock has risen by almost 34% over the past year.
"The stock continues to trade at a high 25% discount to NAV per share," SG underlines.
Copyright (c) 2017 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.