Jefferies cuts Saint-Gobain stock target from EUR 137.00 to EUR 132.60

Published on 10/07/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 0.70 percent in the first half, margin reached 15.40 percent. Saint-Gobain stock costs EUR 66.44 on October 7, 2026, versus EUR 67.14.

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Saint-Gobain stock (ISIN FR0000125007) was trading at EUR 66.44 at Lang & Schwarz on October 7, 2026, while Jefferies cut its target from EUR 137.00 to EUR 132.60 and retained its Buy rating on October 1, 2026. The lower target puts the analyst view against a backdrop of cautious volume expectations before the company's third-quarter sales update.

Jefferies lowers target before sales

According to finanzen.at on October 1, 2026, Jefferies analyst Glynis Johnson reduced the Saint-Gobain target from EUR 137.00 to EUR 132.60 and kept the Buy rating. The report cited a more cautious view of sales volumes and higher depreciation, even as management remained confident about second-half sales growth and a slightly positive price-cost spread for 2026.

The revised target remains materially above the market quotation, but the target change itself is the more important signal: the analyst preserved the positive rating while reducing the valuation reference ahead of third-quarter figures. Saint-Gobain is scheduled to release third-quarter sales on October 26, 2026, according to MarketScreener.

First-half margin offers support

Saint-Gobain reported 0.70 percent like-for-like sales growth in the first half of 2026, supported by 3.50 percent growth in the second quarter. The EBITDA margin reached 15.40 percent, while free cash flow reached EUR 2.10 billion, according to the company's first-half earnings call transcript published by Yahoo Finance on July 31, 2026.

The regional mix explains why the margin matters. Asia Pacific grew 7.00 percent like-for-like in the first half, Europe returned to growth with 1.70 percent growth, and construction chemicals delivered 8.50 percent organic growth in the second quarter. Management also maintained its expectation for an EBITDA margin above 15.00 percent in 2026.

Stock trades below prior close

At EUR 66.44, Saint-Gobain's Lang & Schwarz quotation was 1.04 percent below the Xetra close of EUR 67.14 on October 6, 2026. The primary listing is on Euronext Paris under ticker SGO, and the finance data show a market capitalization of EUR 32.6 billion and a 52-week range of EUR 65.66 to EUR 91.56 as of October 7, 2026.

The further course of trading is shown by the continuously updated real-time quote of Saint-Gobain stock.