Saint-Gobain: Oddo raises target price hoping for a dividend
(CercleFinance.com) - Oddo BHF reinstates its "buy" rating on the Saint-Gobain share having increased its corresponding target price from 41 euros to 45 euros, judging that after the exit of Lapeyre as proof of change, the payment of an exceptional dividend could represent a further step.
The broker reports that in an internal memo, the group's trade unions mention this possibility, a decision that would be motivated by visibility that it now more favourable and above all by the good month of November.
Beyond the recovery plan/EGD, we are very positive based on our valuation of the (CO2) emissions avoided by the group's products, the analyst adds, estimating that they would represent eight euros per Saint-Gobain share.
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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 reports that in an internal memo, the group's trade unions mention this possibility, a decision that would be motivated by visibility that it now more favourable and above all by the good month of November.
Beyond the recovery plan/EGD, we are very positive based on our valuation of the (CO2) emissions avoided by the group's products, the analyst adds, estimating that they would represent eight euros per Saint-Gobain share.
Copyright (c) 2020 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.