BNP Paribas Exane upgrades Fugro stock to Outperform on valuation

Published 22/08/2025, 09:16
BNP Paribas Exane upgrades Fugro stock to Outperform on valuation

Investing.com - BNP Paribas (OTC:BNPQY) Exane upgraded Fugro (AS:FUGR) NV ( AMS (VIE:AMS2):FUR) from Neutral to Outperform on Friday, while raising its price target to EUR14.50 from EUR12.00.

The research firm cited Fugro’s shares trading at a significant discount compared to historical levels, with expectations that the re-rating will continue.

BNP Paribas Exane noted that its view of a short, sharp slowdown followed by a second-half rebound and gradual recovery is now de-risked by backlog coverage and new guidance from the company.

The firm indicated that even with modest growth assumptions into 2026, Fugro shares appear attractively valued compared to historical levels.

The new price target is based on a 5.3x EBITDA multiple, which represents a 10% discount to historical levels, compared to the 4x multiple used previously.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.