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Saint-Gobain: Barclays Capital raises target price

(CercleFinance.com) - Barclays Capital (BarCap) has inched up its target price for the Saint-Gobain stock to 50 euros, while maintaining its "weight in line" rating, considering that there is the better value elsewhere in the sector.

The broker says in its report on the building materials giant that an acceleration in global growth and a better price-cost equation suggest that the outlook is improving for Saint-Gobain.

Nevertheless, the weight of FX factors, a peak in margins of innovative materials and a limited operating leverage in distribution are leading the broker to leave its estimates for Saint-Gobain practically unchanged.

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