Rubis: analysts welcome FY sales
(CercleFinance.com) - Up 1.
4% on Friday, the Rubis stock largely outperformed the main Parisian indices, with the CAC40, which itself fell 0.5%.
German broker Berenberg maintains its buy rating on the stock, after the group its FY sales. The broker's target price of 57.5 euros gives it upside potential of 14%.
Although 2018 was marked by a number of disappointments for Rubis, it now appears that these are behind us, broker Berenberg says in its report. It points out that Rubis seems to have finished FY 2018 better than expected, thanks to the falling price of oil and an improvement in its unit margin.
Meanwhile, Portzamparc, a broker specialised in Parisian "smidcaps" also confirms its hold rating on the share, with a target price of 51.6 euros, which is almost identical to the share's current price.
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.
4% on Friday, the Rubis stock largely outperformed the main Parisian indices, with the CAC40, which itself fell 0.5%.
German broker Berenberg maintains its buy rating on the stock, after the group its FY sales. The broker's target price of 57.5 euros gives it upside potential of 14%.
Although 2018 was marked by a number of disappointments for Rubis, it now appears that these are behind us, broker Berenberg says in its report. It points out that Rubis seems to have finished FY 2018 better than expected, thanks to the falling price of oil and an improvement in its unit margin.
Meanwhile, Portzamparc, a broker specialised in Parisian "smidcaps" also confirms its hold rating on the share, with a target price of 51.6 euros, which is almost identical to the share's current price.
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.