Possible profit taking on Verallia turbo calls: +45%

Recommended on July 28, Verallia turbo calls (code: 7B22S) are strong winners, by almost 45%. Certificates benefited from the solid third quarter presented by the glass packaging manufacturer and an increase in one of the group’s financial objectives, that of gross operating surplus for 2022.

We remain favorable to this bullish position, as the company benefits from a strong capacity for pricing power, ie to pass on the increase in costs linked to inflation in selling prices. But in today’s market environment, it makes perfect sense to take some of your profits.