Uniform decline for European stock markets, once again in the red at the end of the session

The Brussels Stock Exchange ended in the red, just like its European neighbors. The Bel 20 dropped 0.90% to 3,702.81 points, with 15 of its elements negative. Umicore (34.87) still fell by 8.02% after having plunged by 16.8% following a very poorly received investment plan, Aperam (30.08) confirming for its part a decline of 3, 56% after losing up to 8.14% in the morning. Solvay (79.52) and Galapagos (52.00) gave up 4.03 and 3.56% while UCB (81.44) remained positive by 1.50%, joined by arGEN-X (338.70) which gained 0.12%.

To Paris stock exchange, the CAC 40 fell 0.81% to 5,916.63. On the side of the London Stock Exchange, the FTSE-100 lost 0.88% to 7,089.22 points. The drop was even more marked for the Frankfurt Stock Exchangethe DAX dropping 1.11% to 13,144.28 points.

Closing values ​​of Wednesday 22/06 of the shares that make up the Bel 20 on the Brussels Stock Exchange:

  • AB InBev + 49,51 (48,90)
  • Ackermans – 142.50 (143.00)
  • Building + 95.80 (94.75)
  • Ageas – 41.79 (42.40)
  • Aperam – 30.08 (31.19)
  • arGEN-X + 338,70 (338,30)
  • Cofinimmo + 114,20 (113,40)
  • Colruyt – 26,80 (26,92)
  • D’Ieteren – 134.80 (137.00)
  • Elia – 129,90 (130,90)
  • Galapagos – 52,00 (53,92)
  • GBL – 79,26 (79,86)
  • KBC – 57,44 (58,08)
  • Approximate – 14,40 (14,51)
  • Sofina – 192.90 (193.50)
  • Solvay – 79,52 (82,86)
  • UCB + 81,44 (80,24)
  • Umicore – 34,87 (37,91)
  • VGP – 168.00 (168.20)
  • WDP – 31.42 (31.62)

The Broker’s opinion for GBL, Mithra and Umicore

GBL (-0.8% to 79.26 euros) was confirmed to “buy” at KBC Securities, which adjusted its target from 110 to 99 euros. This revision comes following the sale of half of the stake in the Norwegian group Mowi (salmon production). The analyst points out that this sale was made at an interesting level, and frees up resources to take advantage of the fall in market valuations. “The current discount of 32% should be reduced to a level more in line with the quality of the holdings, around 20%.”

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Mithra (+2.1% to 7.19 euros) was maintained at “buy” at Berenberg, which lowered its target from 41 to 31 euros following the announcement of the private placement which raised 23.5 million euros. “The development of Donesta no longer constitutes a point of uncertainty for the next quarters, even if the counterpart is a dilution of approximately 8% for the shareholders.” The analyst lowered its earnings expectations due to weaker-than-expected sales growth for the contraceptive Estelle.

Umicore

(-8% to 34.87 euros) was maintained to “hold” at Kepler Cheuvreux, which set its target at 38 euros following the disclosure of the group’s strategic ambitions for the coming years. It is mainly the major investment program (5 billion euros between 2022 and 2026, particularly in the recycling of electric batteries) that challenges the analyst,

“news that may not be appreciated positively by the market”

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