Closing in dispersed order for the European stock exchanges, the BEL 20 in equilibrium

The Brussels Stock Exchange narrowly finished with a gain of 0.01% to 3,826.95 points with 11 of its elements up. arGEN-X (286.00) was still leading the declines with a drop of 3.77%, followed by UCB (79.78) which gave up 2.64%, Solvay (98.38) gaining 0.16% then that Galapagos (70.00) finished 0.74% lower than on Monday.

The Paris stock exchange closed in the green (+ 0.22%), at the end of a turbulent session, marked by the drop in technology stocks on Wall Street and a speech by the President of the Fed who wanted to be reassuring about the rise in rates . The CAC 40 index took 12.40 points to 5,779.84 points, the day after a decline of 0.11%.

The London Stock Exchange performed a similar performance to its French neighbor, the FTSE-100 ending the day up 0.21%. The results were much less positive on the side of the Frankfurt Stock Exchange, with the DAX shedding 0.61%.

Closing values ​​on February 23, 2021 of the shares that make up the Bel 20 on the Brussels Stock Exchange:

  • AB InBev – 53,14 (53,18)
  • Ackermans – 127,40 (127,50)
  • Aedifica – 104.20 (104.40)
  • Ageas + 47,41 (47,23)
  • Aperam + 35.02 (34.90)
  • arGEN-X – 286.00 (297.20)
  • Boat + 19.83 (19.39)
  • Cofinimmo + 130.40 (130.20)
  • Colruyt + 50.22 (49.67)
  • Galapagos – 70,00 (70,52)
  • GBL – 82,60 (82,66)
  • ING + 9,10 (8,96)
  • KBC + 60,42 (59,02)
  • Proximus + 18,14 (17,85)
  • Sofina – 281,50 (282,50)
  • Solvay + 98,38 (98,22)
  • Telenet – 33,98 (34,66)
  • UCB – 79,78 (81,94)
  • Umicore + 48,00 (47,66)
  • WDP + 28,62 (28,54)

Broker’s opinion for Belfimmo, Lotus Bakeries and Melexis

Befimmo (+ 1.3% to 34 euros) has been confirmed to “keep” at Kepler Cheuvreux, the target having dropped from 40 to 37 euros. “We have updated our valuation model following the publication of results for 2020, in order to reflect the long-term value of projects under development. The group remains in a transition phase which will last several more years. Regarding the financial year 2021 more specifically, we were disappointed with management’s objectives in terms of costs ”.

Lotus Bakeries (+ 1.9% to 4,250 euros) saw its target price climb from 3,150 to 4,700 euros at ING, the recommendation being maintained to “keep”. The analyst underlines expecting an acceleration of organic growth for the next three years, but he believes that these favorable prospects are already reflected in the valuation of the biscuit producer. “The premium of the title reaches 60% compared to the competitors”.

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Melexis (-3.2% to 95.2 euros) has recently been raised from “keep” to “buy” at KBC Securities, with an objective propelled from 60 to 105 euros. For the next few years, the analyst expects an increase in earnings per share of around 29% per year. “The business will be supported by new trends in automotive production, with semiconductor content expected to continue to grow.” Following the results of the 2020 financial year, Melexis had recorded numerous favorable revisions to its objectives.

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