Saint-Gobain: Top Pick in sector for Oddo
(CercleFinance.com) - Oddo BHF reinstates its "buy" recommendation, and target price of 45 euros for the Saint-Gobain share, saying that the French building materials giant remains more than ever its Top Pick in the sector.
According to the broker, it has strong potential for rerating, while its stockmarket performance remains disappointing. The analyst says that Oddo is convinced that the extent of the transformation under Benoit Bazin's leadership could surprise the market.
Beyond traditional cost savings, the rotation of the group's asset portfolio that has been implemented could crystallise significant value, he continues, also pointing out an historically high discount of over 30% relative to listed peers.
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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.
According to the broker, it has strong potential for rerating, while its stockmarket performance remains disappointing. The analyst says that Oddo is convinced that the extent of the transformation under Benoit Bazin's leadership could surprise the market.
Beyond traditional cost savings, the rotation of the group's asset portfolio that has been implemented could crystallise significant value, he continues, also pointing out an historically high discount of over 30% relative to listed peers.
Copyright (c) 2019 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.