Sales advice on Umicore | Broker opinions on AB InBev, WDP and Smartphoto (+Briefing)

01 February 2021
Today at
12:43

After a week in the red, the main European markets are back on track on Monday. Wall Street should open in the green.

The main European stock markets rebounded on Monday after a week marked by a sharp downturn against the backdrop of a stock market battle between hedge funds and small holders that fuelled nervousness.

On reading US index futures around 12:25, Wall Street should open higher.

In Brussels, the Bel 20

rose by 1.63% at around 12:25 pm, with the index of continuously quoted securities limiting its gain (+1.12%).

Argenx, which is launching a new clinical trial with its flagship molecule, won 5.5%. Biotech was followed by Sofina (+3.6%), ING (+2.2%) and Barco (+2.1%).

Umicore, which a broker advised to sell, took 1.6%. The US small holders, who have driven up GameStop’s share price, are now aiming for money. The rise in the price of silver could indirectly benefit Umicore, according to KBC Securities.

Only Colruyt (-1%) and Proximus (-0.2%) are in the red within the index.

Excluding the Bel 20, Smartphoto climbed 3.9% in line with its annual figures. A broker has switched to buying on the value. Exmar takes 4.3% and Advicenne 4.1%.

Viohalco (-3.8%), Keyware (-2.9%) and Agfa-Gevaert (-2.1%) are lagging behind.

Le briefing actions belges

Le briefing actions belges

>According to several brokers, Polygon Global Partners, which holds 5.3% of Orange Belgium’s capital

and who felt that the offer price was not high enough, hired an investment bank to advise him.

>WDP

Kepler Cheuvreux raised its target price to 32 euros from 31 euros. The recommendation remains to be « kept ».

>Regine Slagmulder, Director at MDxHealth

since the summer has acquired, last week, 290,273 shares of the company at a unit price of 1.02 euro.

>Umicore

Bank of America has lowered its recommendation to « underperform » (sell) with a price target of 40 euros.

>Cofinimmo

has acquired four rest and care homes (EHPAD), one of which is currently under construction, and a residence-autonomy in Normandy. The total investment for the five sites will eventually amount to approximately €44 million. The press release.

>AB InBev

Goldman Sachs has raised its target price to 54 euros, compared to 51 euros before. The recommendation remains « neutral ».

>Umicore

Bernstein has raised its target price to 43 euros, compared to 39 euros before. The recommendation remains « neutral ».

>Argenx

indicated its intention to continue enrolment in the ADHERE clinical trial testing efgartigimod subcutaneously in patients with chronic inflammatory demyelinating polyneuropathy. The news release.

> In the first half of fiscal 2020/2021, KBC Ancora

posted a loss of EUR 8.1 million, compared with a profit of EUR 69.1 million for the same period of the previous financial year. The press release.

>In the course of 2020, Smartphoto

11.9 million, up 35% to 11.9 million euros. The press release.

>Smartphoto

: KBC Securities has raised its recommendation to « buy », as opposed to « accumulate » before. The target price has been raised from 35 euros to 40 euros.

>Ascencio

will distribute a gross dividend of 3.65 euros per share. Payment will be made on February 5. The press release.

>To be watched this Monday. Euro zone. Industry PMI indicator in January (10:00 am). Unemployment in December (11am). USA. Industrial ISM indicator in January (16h).

Sales advice on Umicore | Broker opinions on AB InBev, WDP and Smartphoto (+Briefing)
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