Gold prices bounce off 3-week lows; demand likely longer term
On Monday, Deutsche Bank (ETR:DBKGn)’s analysts revised the price target for Cie de Saint-Gobain (SGO:FP) (OTC: CODYY), a prominent player in the Building Products industry with a market capitalization of $48 billion, to €92.00, down from the previous €96.00. Despite this adjustment, the firm retained a "Hold" rating on the stock. According to InvestingPro data, the stock trades at a P/E ratio of 14.9x and has delivered a robust 28.8% return over the past year.
Matthias Pfeifenberger, representing Deutsche Bank, provided insights into the company’s expected performance. He projected a slight organic sales decline of 1.8% year-over-year in the first quarter, primarily due to lower volumes. This anticipated decrease includes a roughly 1% negative impact from fewer working days. This represents a slight improvement from the 2.7% year-over-year organic sales decline seen in the previous quarter. Investors should note that Saint-Gobain’s next earnings report is scheduled for April 24, 2025, where these projections will be put to the test.
For the first quarter, the analysts forecast an overall year-over-year sales increase of 1.6%. This growth is partly due to a positive scope of about 4%, reflecting recent acquisitions by Saint-Gobain. The company expanded its portfolio with the acquisition of Bailey in June 2024, FOSROC in February 2025, Cemix in January 2025, and CSR in July 2024.
The report also highlighted a forecasted negative foreign exchange impact of approximately 0.5%. This is attributed to the weakening of several currencies, including the Brazilian Real, the Mexican Peso, and the Canadian Dollar, which are expected to affect the company’s financials.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.