Bouygues S.A.

Bouygues is a global industrial group engaged in designing, building and operating structures in public and private buildings, transportation infrastructure and energy and communication networks. Co. operates in three sectors - Construction (Bouygues Construction, Bouygues Immobilier and Colas), Media (TF1) and Telecom (Bouygues Telecom). Construction is engaged in the design and maintenance of projects in the areas of building, civil works, energies and services; Media offers activities covering the audiovisual sector; and Telecom offers mobile broadband services and prepaid card services for smart phones, as well as a range of services including telemessaging, voice mail and WAP
  • TickerEN
  • ISINFR0000120503
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance
Olfa Taamallah ...
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/13/2020

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Alexandre Iatrides

Bouygues : Communicating confidence - target price of € 38 vs € 32

>Bouygues is still cautious on Q4 2020 and H1 2021 - The roadshow we organised with the support of Bouygues was particularly insightful on the group’s medium-term strategy, with management's stance signalling renewed confidence despite the difficult climate. Bouygues confirmed that the impact of the lockdown was particularly pronounced in France, with a catch-up expected in H2 and the backlog offering good visibility, while it remains cautious on Colas and real estate...

Olfa Taamallah ...
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/10/2020

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Alexandre Iatrides

Bouygues : Une confiance communicatrice - OC 38 € vs 32 €

>Bouygues reste prudent sur le T4 2020 et le S1 2021 - Le RS que nous avons pu organiser avec le concours de Bouygues nous a semblé particulièrement éclairant sur la stratégie moyen terme du groupe, affichant une sérénité malgré un contexte difficile signe d’une confiance retrouvée. Bouygues confirme que l’impact du confinement a été particulièrement marqué en France, avec un rattrapage à attendre sur le S2 et un carnet de commandes qui offre une bonne visibilité, et ...

Jérôme VINERIER

Short term view - BOUYGUES : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €30.91. The background trend would be questioned should prices rise above €39.30.

Jérôme VINERIER

Analyse court terme - BOUYGUES : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 30,91 €. La tendance de fond serait remise en cause en cas de franchissement de 39,30 €.

Jérôme VINERIER

Short term view - BOUYGUES : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €30.91, then €28.93. Passing €39.30 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - BOUYGUES : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 30,91 €, puis 28,93 €. Le franchissement de 39,30 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Medium term view - BOUYGUES : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €27.70, then €22.80. Passing €37.96 would question the continuation of the fall.

Alexandre Iatrides

Bouygues : Communicating confidence - target price of € 38 vs € 32

>Bouygues is still cautious on Q4 2020 and H1 2021 - The roadshow we organised with the support of Bouygues was particularly insightful on the group’s medium-term strategy, with management's stance signalling renewed confidence despite the difficult climate. Bouygues confirmed that the impact of the lockdown was particularly pronounced in France, with a catch-up expected in H2 and the backlog offering good visibility, while it remains cautious on Colas and real estate...

Alexandre Iatrides

Bouygues : Une confiance communicatrice - OC 38 € vs 32 €

>Bouygues reste prudent sur le T4 2020 et le S1 2021 - Le RS que nous avons pu organiser avec le concours de Bouygues nous a semblé particulièrement éclairant sur la stratégie moyen terme du groupe, affichant une sérénité malgré un contexte difficile signe d’une confiance retrouvée. Bouygues confirme que l’impact du confinement a été particulièrement marqué en France, avec un rattrapage à attendre sur le S2 et un carnet de commandes qui offre une bonne visibilité, et ...

Eric Lemarie ...
  • Thomas Coudry

Multi-technical services | M&A Time

SECTOR REPORT | Multi-technical services | M&A Time While contractors have to deal with specific woes - for instance airports for Vinci and property development for Bouygues – Energy, i.e. multi technical services, offers a promising future. Not only Energy is a resilient, diversified and usually profitable business, but it is also well placed to play a central role in the development of Smart cities, smart building and Industry 4.0. As the market is still fragmented, we believe M&A will accelerate.

Alexandre Iatrides

Bouygues : Bouygues sells 4.8% of Alstom, the 5G auctions point to a favourable scenario for the time being

>Bouygues announces the placement of 4.8% of Alstom - Bouygues announced yesterday that it planned to sell 11 million Alstom shares, or 4.8% of the capital, out of the total of 32.9m shares that it owns (14.5% of the capital). This deal comes after the sale of 29.15 million Alstom shares in September 2019. To this end, Bouygues has entered into a forward sale transaction that will be settled on 3 November. When the transaction is settled, Bouygues will therefore own 9...

Alexandre Iatrides

Bouygues : Bouygues cède 4.8% d’Alstom, les enchères 5G sont pour l’heure dans un scénario favorable

>Bouygues annonce le placement de 4,8% d’Alstom - Bouygues a annoncé hier son intention de céder 11 m d’actions Alstom soit 4.8% du capital, sur une totalité de 32.9 m de titres détenus (14.5% du capital). Cette transaction fait suite à la vente de 29,15 m d'actions Alstom en septembre 2019. Bouygues a conclu, à cette fin, une vente à terme dont le dénouement interviendra le 3 novembre. A l’issue du dénouement, Bouygues détiendra donc 9.7% du capital d’Alstom et s’est...

Expert Corporate Governance Service (ECGS)

Bouygues - AGM 4 September 2020

Item 1: On 1 April 2020, the company reviewed its objectives and decided not to propose a dividend because of Covid-19 health crisis. With a view to being a responsible long-term investor and in the health, economic and social context, ECGS supported the decision to postpone the distribution of dividends. Although the health crisis has not yet come to an end and the economic outlook for many sectors remains uncertain, we appreciate the fact that the company has taken the time to reflect in order to calmly assess the extent and intensity of the consequences of this crisis for its field of acti...

Pierre-Antoine Bourgoin

Bouygues - Assemblée Générale des actionnaires du 4 Septembre 2020

Résolution 1 relative à l'affectation du résultat: Le 1er avril 2020, la société revoyait ses objectifs et renoncait à proposer un dividende en indiquant : "Au moment où cette crise sanitaire majeure est en pleine expansion et au regard des incertitudes économiques qu’elle engendre, Bouygues entend démontrer sa responsabilité et sa solidarité face aux efforts importants qui sont demandés aux parties prenantes du Groupe, en particulier ses collaborateurs". La société avait alors indiqué: "Un conseil d’administration se réunira au cours du mois d’août pour réévaluer la situation et analyser l’op...

Expert Corporate Governance Service (ECGS)

Bouygues – AGM 23 April 2020

Due to the impact of the Covid-19 epidemic on its various businesses, Bouygues informed the financial markets at the end of March and beginning of April 2020 that its targets announced when the 2019 annual results were published could not be met and decided not to propose a dividend. "A Board of Directors will meet in August to reassess the situation and analyse the appropriateness of proposing the distribution of a dividend in respect of 2019". In a vision of long-term responsible investor, this decision is supported by ECGS (resolution 3).   The Board of Directors has an insufficient numbe...

Bouygues - Assemblée Générale du 23 avril 2020

En raison de l'impact de l’épidémie du Covid-19 sur ses différents métiers, Bouygues a informé les marchés financiers fin mars et début avril 2020 que ses objectifs annoncés lors de la publication des résultats annuels 2019 ne pourront être tenus et a renoncé à proposer un dividende. "Un conseil d’administration se réunira au cours du mois d’août pour réévaluer la situation et analyser l’opportunité de proposer la distribution d’un dividende au titre de 2019." Dans une vision d'investisseur responsable de long terme, cette décision est soutenue par Proxinvest (résolution 3). Le conseil d'admi...

Expert Corporate Governance Service (ECGS)

Bouygues - AGM and EGM 25 April 2019

The Board of Directors has an insufficient number of members free of conflicts of interest and the Bouygues family is over-represented (30.8% of seats for a shareholding of 21.6% of the capital). In addition, one candidate for renewal has too many mandates and another attended only 71% of the Board meetings in 2018. Finally, the process for appointing employee shareholder representatives is not satisfactory because it is not completely independent of management. This grievance is all the more crucial because of the importance of employee share ownership within Bouygues (19% of the share capita...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 14/11/2019 - KBC - EN

KBC (O/P): Net Profit of €1.8bn (-8.3%) In The Nine-Month Period of 2019 NN Group (O/P) - 9M-19: Operating Income of €1.4bn (+6.5%) AXA (O/P): Sale of The Balance of Its Stake In Axa Equitable Holdings Bouygues (M/P) - 9M-19: EBIT of €1.1bn (+30.3%) EDF (U/P): Cuts French Nuclear Output Target On Cruas Reactors For 2019 Telia (M/P): EC Approves The Acquisition of Bonnier AB For $1bn Thyssenkrupp (O/P): 3G Capital Interested To Acquire The Elevator Business For €15bn Moody's Upgrades Arkema (O/P) By One Notch To Baa1 With A Stable ...

Olfa Taamallah ...
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/13/2020

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Olfa Taamallah ...
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/10/2020

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Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/09/2020

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Emmanuel Matot

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/08/2020

Le cours actuel implique une valeur négative du core de Dassault Aviation. Cet état est à nos yeux injustifiable alors que i/ la visibilité sur le militaire reste forte et l’export offre toujours une optionalité, ii/ le cycle produit Falcon redeviendra favorable et coïncidera avec la reprise du marché de l’aviation d’affaires et iii/ le plan de transformation portera ses fruits à partir de 2021. Achat confirmé et OC relevé à 1 188 €. - ...

Emmanuel Matot

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/27/2020

The current share price implies a negative value for Dassault Aviation’s underlying business. In our view, this state of affairs is unjustifiable when: 1/ visibility on the military segment remains strong and exports still offer an optionality; 2/ the Falcon product cycle will become favourable again and will coincide with the recovery of the business aviation market, and 3/ the transformation plan will start to pay off from 2021 onwards. Buy reiterated and target price raised to € 1,...

BOUYGUES sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BOUYGUES (FR), active in the Heavy Construction industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date September 18, 2020, the closing price was EUR 31.09 and its target price was estimated at EUR 25.58.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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