(CercleFinance.com) – Eurofins Scientific shares rose on Tuesday on the Paris Stock Exchange, driven by positive comments from Barclays analysts.
In a research note released this morning, the British investment bank argues that 3rd quarter results and the group’s recent investor day highlighted progress in pricing and an increased focus on margins. beneficiaries in Europe.
‘Despite the volatility of its share price, Eurofins is a sustainable and defensive company which we estimate to be able to generate a total shareholder return (TSR) of around 15% over the coming years’, underlines Barclays.
If it reiterates its ‘overweight’ recommendation on the stock, the London establishment says it will adjust its price target to 60 euros, compared to 70 euros previously.
Around 12:30 p.m., the action of the bio-analysis specialist advanced by 0.7%, but still shows a decline of 25% since the start of the year.
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