Société Générale raises Lafarge stock target share price

Analysts at Citi have changed the recommendation on Lafarge from neutral to buy. Furthermore, Citi has increased the target share price for the French construction materials group to €53. Though there remain issues in the Middle East, Citi says the US market and emerging market are showing signs of positive change for 2013. The international financial conglomerate also expects Lafarge to sell more assets as part of its plan to reach debt of under €10 billion in 2013. Lafarge has reported that its costs are

Three brokers have upgraded their recommendations on Lafarge after the French building group recorded better than expected Q1 2012 results. While maintaining its share price target of €37, Citi upgraded its recommendation to 'buy'. Equita included Lafarge in its portfolio of preferred European stocks, while upgrading its recommendation to 'buy'. Finally, Helvea upgraded its recommendation from 'moderate sell' to 'hold', with a share price target up from €26 to €30.

Vicat's turnover in the first nine months of 2011 was in line with expectations, according to Exane.