Aurel upholds "buy" recommendation on Lafarge

Aurel upholds "buy" recommendation on Lafarge
Published: 15 September 2010

Aurel BGC kept today its "buy" rating and its share price target of EUR 51 on Lafarge.

Lafarge’s CEO Bruno Lafont said on Tuesday in an interview for daily La Tribune that the group does not need a new capital increase and is keeping its debt under control.

The broker reminded that Lafarge’s net debt is expected to widen to EUR 13.3 billion (USD 17.1bn) at the end of 2010.