Gilbert Dupont lifts Mersen share price target to EUR 44.6

Jul 21, 2011 - Gilbert Dupont has confirmed its "accumulate" rating on French industrial electrical components maker Mersen (EPA:MRN), raising its share price target to EUR 44.6 from EUR 43.

The broker welcomed the group's second-quarter sales, which exceeded its expectations, and forecast further growth in revenue.

Yesterday, Mersen posted sales of EUR 218 million (USD 308.5m), up 17% on a like-for-like basis.

Today at 1325 CET shares in Mersen had gained 3.58% to EUR 40.16 on Euronext Paris.

(EUR 1.0 = USD 1.415)

Choose your newsletter by Renewables Now. Join for free!

More stories to explore

French packaging group Albea agrees 12-MWp solar off-take deal

Sep 19, 2024 5:38 CEST

Renewables rise and Russian gas declines, says EC report

Sep 12, 2024 11:11 CEST

Trina Solar's intl biz gets EUR 150m to transition to European IPP

Sep 11, 2024 16:03 CEST

Elum Energy secures USD 13m to enter new markets

Sep 10, 2024 15:40 CEST

GLHD cleared to proceed with 450-MWp agri-PV project in France

Sep 06, 2024 15:48 CEST

Voltalia narrows H1 2024 loss, but Brazil curtailment woes continue

Sep 05, 2024 12:31 CEST

Published Jul 21, 2011 14:35 CEST

Author Virzhini Stefanova

Share this story