A share flies 100% | “Buy Solvay” | Targets recorded on Ageas and KBC (+ Briefing)

November 18, 2020

12:42

After the bullish momentum of these last sessions, the European markets are catching their breath on Wednesday noon and evolving without much change. Wall Street is expected in the green.

The main European scholarships evolve without much change this Wednesday noon in a cautious market facing the risks that the health crisis poses to the economy.

Wall Street should open slightly higher in view of US index futures around 12:30 pm.

In Brussels, the Nice 20

Gathered 0.11% around 12:30 pm, the index of continuously quoted stocks remaining stable.

Telenet is the red lantern (-2%) of the Bel 20. Umicore give up 1.2%, AB InBev 0.7% and AvH 0.7% also.

Solvay stands out with a gain of 2%. Morgan Stanley recommends buying the value. Note again the gains of KBC (+1,7%), dand Boat (+ 1.8%) andAperam (+1,7%).

Excluding Bel 20, Nyrstar flies 102% with no apparent explanation. Last week of Belgian shareholders announced have strengthened their position on the stock.

White, for its part, jumped 15% and AKKA Technologies climbs 7.5%.

At the bottom of the table, note the presence of Challenge (-7.8%), of Cenergy (-5.1%) and Warhouses (-4%).

The Belgian actions briefing

>Leasinvest

: Degroof Petercam has raised its recommendation to “buy” against “accumulate” before. The price target remains at 106 euros.

>Ageas

reports having successfully completed a placement of debt securities in the form of € 500 million of fixed / floating rate subordinated bonds maturing in November 2051, with a first repayment date in 2031. The press release.

>Ageas : ABN Amro raised its target price to 47 euros against 42 euros before. The recommendation remains to “buy”.

>Solvay

: Morgan Stanley has raised its recommendation to “overweight” against “neutral” before. Its price target goes from 76 euros to 102 euros.

>KBC

: Jefferies raised its price target to 66.20 euros against 64.10 euros before. The recommendation remains to “buy”.

>Cofinimmo

acquired 100% of the shares of the company owning the La Chartreuse nursing and care home in Liège for a value of around 29 million euros. The press release.

>Engie

stops all its projects related to the extension of nuclear power. In an internal communication, Engie Electrabel warned its teams that it intended to stop all projects linked to the extension of the reactors. Nuclear power and Belgium are over. Our article.

> In the third quarter, Leasinvest

saw its EPRA result reach 28.7 million euros compared to 31.5 million a year earlier. The debt ratio fell from 58.07% as of June 30, 2020 to 56.54%. The press release.

> The real estate company Qrf

plans to acquire 100% of the shares of RAB Invest NV, owner of the State Archives of Bruges, from Leasinvest Real Estate. The press release.

>Care Property Invest

has decided to launch a share buyback program for a maximum total amount of 180,000 euros to acquire up to 6,000 shares. The objective is to enable the obligations arising from share purchase plans for the benefit of the general management of the company to be fulfilled. The press release.

>To keep an eye on this Wednesday. Belgium. Atenor’s results after market. USA. New constructions and building permits October 2:30 p.m. Nvidia results.

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