French Stocks: Danone, Societe Pour L’Informatique, Ubisoft
Stock Chart for Societe Generale SA (GLE)
The following shares rose or fell in Paris. Stock symbols are in parentheses.
Credit Agricole SA (ACA FP) rose 1.6 percent to 11.66 euros as Morgan Stanley added the shares to its list of most preferred banks in Europe. Societe Generale SA (GLE FP), which climbed 2.2 percent to 48.87 euros, is also among stocks on the list.
Banks in Europe were led higher by Barclays Plc today after the British bank reported full-year net income that beat analyst estimates as investment-banking profit almost doubled and writedowns shrank.
Danone (BN FP) climbed 3.3 percent to 45.42 euros, the biggest gain in three months. The world’s largest yogurt maker said full-year profit from continuing businesses and excluding one-off items rose 18 percent to 1.67 billion euros on sales of Aqua bottled water and Dumex infant formula in Asia. The median estimate of analysts surveyed by Bloomberg News was for profit on that measure of 1.66 billion euros.
Societe Pour L’Informatique Industrielle (SII FP) surged 6.4 percent to 5.80 euros, the highest price since June 2008. The software and services company raised its fiscal-year sales target to 220 million euros from 213 million euros.
Ubisoft (UBI FP) slid 6.5 percent to 8.49 euros. The video- game producer said its fiscal-year forecast of 1 billion euros was in line with estimates.
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