(CercleFinance.com) – Saint-Gobain shares rose Monday morning on the Paris Stock Exchange, driven by a note from Barclays, which highlights the growth prospects of the French construction materials giant.
The stock, up more than 21% since the start of the year, nibbled 0.3% around 9:40 a.m., thus establishing a new historic high at nearly 81 euros while the CAC 40 index showed a slight decline ( -0.1%).
In a research note, Barclays recommends that investors buy the stock, which it sees potentially exceeding the threshold of 100 euros.
The research office reports a favorable combination of elements, combining a possible recovery of the markets, an improvement in prices and a reduction in costs, measures taken in-house and possible acquisitions (M&A) likely to generate synergies.
From its point of view, the group could thus be able to significantly exceed the forecasts established by the market for 2025, even in the absence of a significant recovery in activity volumes.
The analyst, who raises his price target from 87 to 102 euros, says he maintains his ‘overweight’ recommendation with strong conviction on the stock.