Rubis: SG initiates coverage with 'buy' rating.

(CercleFinance.com) - Entitling its report, "a real success story - more earnings growth to come," Société Générale (SG) has initiated its coverage of the Rubis share with a buy rating, with a 12-month target price of 66 euros.


Analysts cite several arguments that are favourable for the distributor and storage group of mainly oil-based products, such as "the progressive consolidation of Rubis Energie's recent acquisitions, added to (...) the rapid growth of Rubis Terminal's storage capacity".

SG clearly distinguishes "market positions (which) appear secure, and an intensive M&A strategy will likely continue to boost EPS growth and valuation". In short, according to analysts and despite the share's recent performance (+53% since the beginning of the year), Rubis "should result in strong earnings growth prospects over the short/medium term".


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