Total, Mr. Bricolage, Vicat, Sanofi Shares May Move: French Equity Preview
The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
France’s CAC 40 Index rose 133.05, or 3.8 percent, to 3,623.84 in Paris. The SBF 120 Index rose 3.6 percent.
Ciments Vicat (VCT FP): The concrete maker was cut to “neutral” from “outperform” at Exane BNP Paribas. The shares added 2.3 percent to 48.82 euros.
Clasquin SA (ALCLA FP): The freight transporter said it expects “double-digit growth in business and earnings” for the full year. The shares rose 0.1 percent to 17.01 euros.
Ipsen SA (IPN FP): The company was raised to “Neutral” from “Underweight” at Piper Jaffray. The stock gained 0.8 percent to 27.16 euros.
Mr. Bricolage SA (MRB FP): The home improvement store said first-half net profit grew 12 percent to 7.7 million euros and that it sees “significant” improvement in 2010 results. The shares rose 0.4 percent to 14.25 euros.
Sanofi-Aventis SA (SAN FP): The chief executive of oil company Total SA, which owns 7 percent of Sanofi, said it hasn’t given the pharmaceutical company any guidance on what price it should pay in its proposed takeover of Genzyme Corp. Sanofi shares rose 3 percent to 46.62 euros.