Saint-Gobain: Bryan Garnier upgrades rating on stock.
(CercleFinance.com) - Bryan Garnier has upgraded its rating on Saint-Gobain from "neutral," while it has increased its “fair value” for the stock from 46 euros to 55 euros, saying that is has "adopted a more aggressive stance" on the share of the building materials giant.
The broker has adopted more optimistic forecasts for the group, so as to take into account the fall in political risk in France (25% of sales), which will improve consumer confidence, which is considered to be a key factor in this sector.
The broker also highlights the improvement in the construction market in Europe (61% of revenues), which in its opinion will help “recover some of the 15% in volumes lost since 2007”.
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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.
The broker has adopted more optimistic forecasts for the group, so as to take into account the fall in political risk in France (25% of sales), which will improve consumer confidence, which is considered to be a key factor in this sector.
The broker also highlights the improvement in the construction market in Europe (61% of revenues), which in its opinion will help “recover some of the 15% in volumes lost since 2007”.
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.