It’s time to buy Bouygues stock, according to UBS and Berenberg analysts
Every week, Le Figaro Patrimoine et Bourse relays confidential information identified in analyst notes to help you in your investment decisions.
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Every week, Le Figaro Patrimoine et Bourse relays confidential information identified in analyst notes to help you in your investment decisions.
In six months, Bouygues shares have fallen by more than 20% and yet UBS has just started monitoring the stock for purchase. Analyst Oba Agboola believes that the attractive fundamentals of the French conglomerate are masked by the current macroeconomic headwinds. “Concerns about French public finances have become the main subject of concern for investors,” but the impact of an increase in taxation would ultimately remain very limited, he explains.
On the other hand, according to UBS, there are real levers for value creation, in particular through the “consolidation of the French telecoms market and the acceleration of revenues linked to data centers at Equans”, the subsidiary dedicated to electrical engineering. The increase in investments in this segment could allow Equans to catch up with the organic growth rate of its competitors, i.e. around 3%, but also to improve its operating margin, which is 5.2% today and which could...
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- Le Figaro26 Oct, 07:00
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