Price Targets: Developments for Bouygues, Saint-Gobain, and Others
This Wednesday, eight French stocks underwent target price adjustments. The revisions ranged from significant increases for Bouygues and Technip Energies to decreases for Bureau Veritas and Saint-Gobain.
Above Their Target:
Above their target: 28 values · Covered values: 188
Values above their target: Soitec (-70.2%) · EUTELSAT COMMUNIC. (-23.0%) · CENERGY (-21.8%) · NOS, SGPS (-21.8%) · Derichebourg (-11.3%) · Mersen (-10.8%) · Aperam (-10.3%) · MELEXIS (-9.7%) · SES (-9.5%) · Solvay (-9.2%) · SONAE (-8.6%) · REN (-8.4%) · Eramet (-7.6%) · Arkema (-5.2%) · BIC (-4.7%) · Legrand (-4.6%) · Nexans (-4.6%) · Carrefour (-4.5%) · V LANSCHOT KEMPEN (-3.9%) · UMICORE (-3.9%) · NN GROUP (-3.3%) · Ubisoft (-3.1%) · Ipsen (-3.1%) · COFINIMMO (-2.2%) · SIGNIFY NV (-2.0%) · Icade (-1.5%) · BAM GROEP KON (-1.2%) · Getlink (-0.2%)
Largest target/price gaps:
Valneva — target 5.60 euros — target/price gap: +143.8%
EssilorLuxottica — target 305.00 euros — target/price gap: +76.7%
VusionGroup — target 210.00 euros — target/price gap: +68.3%
PROSUS — target 67.00 euros — target/price gap: +64.5%
EXOR NV — target 109.00 euros — target/price gap: +64.0%
Key Adjustments in Financial Targets:
Bouygues: Upgraded from 'neutral' to 'outperform' by Oddo BHF, boosting the target from 50 to 61 euros. The consensus median stands at 59 euros — target/price gap: +12.3%. An analyst had already raised their target on April 29.
Technip Energies sees its target raised from 43 to 45 euros by Berenberg, reaffirming its buy recommendation. Two analysts had raised their targets in the past ten days, the latest move dated May 4. Median of targets at 45 euros, target/price gap: +16.1%.
It's a double adjustment at Bernstein in the real estate sector: Unibail-Rodamco-Westfield gains 4 euros in target (from 123 to 127 euros, outperform maintained) — an analyst had already raised their target on April 30. Median at 116.15 euros, target/price gap: +13.3%. Gecina meanwhile loses 3 euros (from 95 to 92 euros), with the 'outperform' recommendation unchanged. Median of targets at 95 euros — target/price gap: +30.4%.
Notable Decreases and Minor Adjustments:
Saint-Gobain: Citi maintains its 'buy' recommendation but reduces the target from 120 to 105 euros. Consensus median at 100 euros, target/price gap: +29.6%.
Bureau Veritas undergoes a downward revision: JP Morgan, still neutral, adjusts the target from 30 to 29 euros. Three analysts had lowered their targets in the past ten days, the last movement dated May 5. The target/price gap stands at +20.5% (median at 32 euros).
Minor tweak on JCDecaux: Goldman Sachs, neutral, moves from 21 to 20.70 euros. An analyst had raised their target on May 4. Median at 22.50 euros — target/price gap: +24.5%.
