Vallourec: strong rise, broker in reinforcement











Photo credit © Reuters


(Boursier.com) — Vallourec topped the charts at the opening of the Paris market with a gain of 5.6% to 10.3 euros. The manufacturer of seamless tubes is boosted by a rating from Barclays, which raised its recommendation on the value to ‘overweight’, targeting 17 euros. The market is clearly positive on the issue since, according to the ‘Bloomberg’ consensus, 8 analysts are on the ‘buy’ side, 1 on the ‘hold’ side and none on the ‘sell’ side. The average 12-month target is set at 17.10 euros.


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