Vallourec: climbing, broker in reinforcement

(Boursier.com) — Against the tide, Vallourec climbed 2.3% to 13.98 euros at the start of the afternoon on the Parisian market. The manufacturer of seamless tubes aimed primarily at the oil and gas markets is supported by a rating from AlphaValue which raised its value recommendation from ‘reduce’ to ‘accumulate’ while raising its target from 13.3 to 16, 2 euros. The market is mostly positive on the stock since, according to the ‘Bloomberg’ consensus, 6 analysts are ‘buy’, 2 are ‘hold’ and only 1 ‘sell’. The average 12-month target is set at 14.5 euros.