(CercleFinance.com) – Vicat shares recorded one of the biggest increases in the SBF 120 index on Thursday on the Paris Stock Exchange, with Barclays deeming the stock interesting given the valuation gap displayed compared to its competitors .
Around 2:10 p.m., the cement group’s stock increased by 3.7%, compared to a gain of 0.3% at the same time for the SBF.
In a note, Barclays believes that the existing valuation differential with its comparables – illustrated by an underperformance of 25 percentage points last year – is not justified.
-While it recognizes that the company’s cash flow (FCF) has struggled to take off since 2021, following the Covid crisis, the research office estimates that the situation could soon improve while the investments recently made in Senegal should bear fruit.
The analyst therefore raises his recommendation on the stock from ‘weight in line’ to ‘overweight’ with a price target raised from 41 to 47 euros.
