Imerys shares were the second-highest gainer on the SBF 120 index in Paris on Friday, with the specialist in mineral specialties for industry benefiting from a note from Kepler Cheuvreux in which the brokerage firm initiated a buy on the stock.
At around 4:00 pm, the stock was up 3.8%, compared with a gain of 0.6% at the same time for the SBF 120 and 0.5% for the STOXX Europe 600 index of the basic resources sector.
According to market sources, Kepler Cheuvreux has begun tracking the stock with a target price of 60 euros, which represents a potential upside of around 55% from the current price.
In its study, the financial services company looks back at the French group's numerous development projects, noting that industrial minerals will be the focus of attention in the context of the energy transition.
From this point of view, Kepler Cheuvreux argues, Imerys is particularly well positioned, especially in view of its most advanced projects in graphite and carbon for lithium-ion batteries for electric vehicles, where it plans to step up investments to increase production capacity.
In its note, the brokerage and consultancy firm also highlights the Group's well-committed projects in sustainable development (luminous cements, insulation products, etc.) and in natural solutions for consumer goods (pharmaceuticals, animal feed, etc.).
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As a world leader in mineral specialties for the industry, Imerys offers high-added-value business solutions for a wide range of sectors, from process industries to consumer goods or construction products. The group actively mobilizes its knowledge of applications, technological expertise and materials science know how to provide high-end solutions that value its mineral resources, develop formulations or produce synthetic minerals. All these actions bring about essential properties to its customers' products and their performance such as refractoriness, toughness, conductivity, opacity, durability, purity, lightness, filtration, absorption, or hydrophobicity. Imerys is strongly committed to responsible developmentin particular, to contribute to the development of environmentally friendly products and processes. The activity is organized around 2 areas:
- Performance Minerals: the segment brings together three geographical business areas - Europe, Middle East and Africa (EMEA), America and Asia/Pacific (APAC). This segment encompasses functional additives that give unique properties to the products they compose. It serves the plastics, rubber, paint and coatings, filtration, ceramic materials, renewable energy, paper and cardboard, food, health and cosmetic industries;
- Materials and High Temperature Solutions: the segment, managed globally, brings together two business areas - High Temperature Solutions and Refractories, Abrasives & Construction. This segment facilitates production processes involving high temperatures. It serves the refractory, foundry, metals, abrasives and building chemicals markets.
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