Saint-Gobain: Oddo confirms rating
(CercleFinance.com) - Saint-Gobain announced that it has entered into an agreement for the acquisition of Continental Building Products for a total enterprise value of approximately 1.
4 billion dollars.
This acquisition in plasterboard in the United States is worth 1.3 billion euros Oddo highlights, adding that this is a price that is consistent with previous transactions.
Following this announcement, Oddo confirms its Buy rating on the share, with a target price of 42 euros (15% upside potential).
Continental Building Products is expected to report 2019 revenues of 510 million dollars, with an estimated adjusted EBITDA of 130 million dollars, analysts say.
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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.
4 billion dollars.
This acquisition in plasterboard in the United States is worth 1.3 billion euros Oddo highlights, adding that this is a price that is consistent with previous transactions.
Following this announcement, Oddo confirms its Buy rating on the share, with a target price of 42 euros (15% upside potential).
Continental Building Products is expected to report 2019 revenues of 510 million dollars, with an estimated adjusted EBITDA of 130 million dollars, analysts say.
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.