RUBIS: Berenberg switches to Purchasing – Indices & Shares



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(AOF) – Berenberg noted from Conserve to Buy his recommendation and maintained his target price of 62 euros on Ruby. The broker believes that the recent fall in the price of Rubis now offers an attractive entry point. Admittedly, the group could experience difficulties on its Storage business this year but Berenberg believes that these perspectives are now integrated into the courses and well identified. In addition, the Rubis Distribution activity remains on a good trend in terms of results

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