(CercleFinance.com) – Rubis shares are sailing against the tide of the Paris market and rose on Wednesday morning as Portzamparc analysts added the downstream oil specialist to their list of favorite stocks (‘High Five’).
In its memo, the research department refers to ‘growth at a discount price’ knowing that it forecasts growth of at least 30% in the group’s net income this year, while its Enterprise Value/Ebitda valuation multiple is evolving at 4.9x, a far cry from its five-year average of 9.2x.
Portzamparc has a ‘buy’ recommendation on the stock, with a target price of 36.6 euros showing an upside potential of 70%.
Around 10:40 a.m., the stock rose 0.4% after gaining up to 0.7% at the start of the session.
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