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French Stocks: CGGVeritas, Peugeot, Schneider, Technip Move

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Dec. 2 (Bloomberg) -- France’s benchmark CAC 40 Index rose the most in seven weeks, gaining 77.75, or 2.1 percent, to 3,747.04 at the 5:30 p.m. close in Paris.

The following is a list of companies whose shares either rose or fell in Paris. Stock symbols are in parentheses.

CGGVeritas (GA FP) jumped 6.8 percent to 19.96 euros, the biggest gain in more than three weeks. The world’s largest seismic surveyor for oil and gas was raised to “buy” from “sell” at Goldman Sachs Group Inc.

Lafarge SA (LG FP), the world’s biggest cement maker, increased 3.1 percent to 44.18 euros. Kepler Capital Markets wrote in a note that “investors rightly neglected the sector over the last three years, but it now offers an excellent risk/reward ratio.”

Lagardere SCA (MMB FP) rose 1.7 percent to 30.66 euros, extending yesterday’s gain. The company may sell its international magazine business to Hearst Corp. or German publisher Bauer AG, daily newspaper Les Echos reported, without saying where it got the information.

LVMH Moet Hennessy Louis Vuitton SA (MC FP) advanced 3.1 percent to 122.20 euros. The luxury goods company sold its Montaudon champagne brand to Jacquart, part of the Champagne Alliance collective, the newspaper Le Figaro reported, without saying where it got the information.

PSA Peugeot Citroen (UG FP) and Renault SA (RNO FP), France’s largest carmakers, gained 3.5 percent to 31.02 euros and 3.9 percent to 44.11 euros, respectively. European carmakers posted the best performance among 19 industry groups in the benchmark Stoxx Europe 600 Index today, climbing 3.4 percent, led by gains in Bayerische Motoren Werke AG shares after the German carmaker said U.S. sales rose in November.

Michelin & Cie. (ML FP), the world’s second-largest tiremaker, jumped 4.3 percent to 55.70 euros.

Schneider Electric SA (SU FP) climbed 4.4 percent to 116.05 euros, its highest price since 1989. The world’s largest maker of low-voltage equipment was raised to “buy” from “neutral” at UBS AG.

Technip SA (TEC FP) jumped 4.9 percent to 64.93 euros, the highest price since October 2007. Europe’s second-largest oilfield-services provider said it won a $908 million contract to revamp and expand Algerian national oil company Sonatrach’s Algiers refinery.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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