Oddo BHF maintains its 'outperform' rating on Saint-Gobain shares, with an unchanged target price of 88 euros.

The analyst points out that Saint-Gobain announced yesterday that it had reached a definitive agreement to acquire the Bailey group, an unlisted producer of metal frames in Canada. The transaction is worth 600 ME (880 MCA$).

'The group will benefit from significant synergies, given the strong complementarity with the existing products of its subsidiaries', estimates Oddo BHF.

'Our business plan for Saint-Gobain's acquisition of Bailey shows a ROCE of nearly 10% in 2027, based on continued market growth of 4%', adds the broker, who believes that the stock has significant potential to catch up with its peers.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.