Broker opinion on Umicore | « Buy Xior » | Barco on the side (+Briefing)

Broker opinion on Umicore | "Buy Xior" | Barco on the side (+Briefing)

July 16, 2020
Today at
12:34

Caution returned to European markets on Thursday in a climate weighed down by concerns about the deterioration in relations between the United States and China. Wall Street is expected to decline.

The main European stock markets are in the red this Thursday in a climate weighed down by worries about the deterioration in relations between the United States and China, whose latest statistics show an uneven economic recovery.

Wall Street is expected to open lower on the reading of US index futures at around 12:25.

In Brussels, the Bel 20

declined by 0.39% at around 12:25 pm, with the index of continuously quoted securities following the movement (-0.32%).

Within the Bel 20, Barco fell by 7.4% in the wake of lower than expected half-year results. Colruyt dropped 1.4%, Aperam 1.3% and Solvay 1%.

With a gain of 1.5%, Umicore stands out. ING has raised its share price target. Proximus rose by 0.5% and Argenx by 0.4%.

Excluding Bel 20, the most marked declines were made by Titan Cement (-3.4%), Agfa-Gevaert (-3.3%) and Kinepolis (-2%).

Celyad (+4.6%), Acacia (+4.5%) and Econocom (+3.1%) are at the top of the table. Xior, which benefits from a purchase recommendation, won 1.5%.

Le briefing actions belges

Le briefing actions belges

>Umicore

ING has raised its share price target to 40 euros compared to 35 euros before. The recommendation remains to be « kept ».

>Barco’s results

below expectations. Hit by the health crisis, Barco saw its sales contract by 18% in the first half of the year and its ebitda fall by almost 40%. A more negative trend than expected by analysts. Our article.

>WDP

and the EBRD concluded a €150 million financing deal to support the growth of WDP in Romania. The press release.

>Xior

ABN Amro has started monitoring the value with a recommendation to « buy » and a target price of 58 euros.

>Intervest

concluded a 10-year lease agreement with OneMed for Gold Forum, a logistics building in the Flight Forum industrial estate in Eindhoven. The press release.

> Liechtensteinische Landesbank AG reports that the fund manager function of Classic Fund Management AG has been transferred to LLB Fund Services AG. As a result, the latter’s stake in Agfa-Gevaert AG will be transferred to LLB Fund Services AG.

crossed the 3% threshold on 1 July to reach 4.56%.

>PDT Partners increased its short position on Euronav

from 0.78% of the capital to 0.80% as of July 14.

>To be watched this Thursday. Belgium. Results of Wereldhave Belgium and Vranken after the stock exchange. Euro zone. Trade balance in May (11am). Decision of the ECB on its rates 13h45. USA. Retail trade in June (14h30). Unemployment benefit claims (14h30). Consumer confidence in July (16h). Results: Bank of America, Johnson & Johnson, Morgan Stanley and Netflix.

Broker opinion on Umicore | « Buy Xior » | Barco on the side (+Briefing)
4.9 (98%) 32 votes