Saint-Gobain: stock up after broker's comments
(CercleFinance.com) - The Saint-Gobain stock is up 0.
3% today, thanks to fairly upbeat comments from Morgan Stanley, which has reiterated its "weight in line" recommendation for the share, while raising its corresponding target price from 47 euros to 49 euros.
The construction of new homes continues to surpass expectations, although a lackluster recovery in restoration and a difficult cost environment further limit the potential for a recovery in results, the broker said.
As Bryan Garnier considers that the return-risk ratio is "balanced" and that the share is trading in line with its intrinsic value, it maintains its neutral recommendation, or "weight in line".
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.
3% today, thanks to fairly upbeat comments from Morgan Stanley, which has reiterated its "weight in line" recommendation for the share, while raising its corresponding target price from 47 euros to 49 euros.
The construction of new homes continues to surpass expectations, although a lackluster recovery in restoration and a difficult cost environment further limit the potential for a recovery in results, the broker said.
As Bryan Garnier considers that the return-risk ratio is "balanced" and that the share is trading in line with its intrinsic value, it maintains its neutral recommendation, or "weight in line".
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.