CRH: to takeover Eagle Materials' cement divsision?

(CercleFinance.com) - CRH could be tempted to takeover the cement division of Eagle Materials, according to Oddo.

On 30 May, Eagle Materials announced the split of its cement/aggregates and plasterboard entity.

Meanwile, Oddo believes that Saint-Gobain could be tempted by the purchase of its plaster business to round out its American production facilities (market share of just 15%).

Like the sector, the stock has performed well and the broker believes it should continue, because of: 1/ the share buyback program 2/ the sale of distribution in Europe and probably a new structuring acquisition, 3/ a favourable comparison basis for 2019 after only +1%e LFL EBITDA growth in 2018 (+2.4% in 2017), Oddo adds.


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