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    RCO   FR0000130395

RÉMY COINTREAU

(RCO)
  Report
Real-time Quote. Real-time Euronext Paris - 01/21 11:35:29 am
195.1 EUR   +0.72%
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European shares bounce off 3-week lows as utilities rise

11/25/2021 | 03:24pm EST
German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European shares rose on Thursday as investors bought into defensive sectors such as utilities amid worries about soaring coronavirus cases across the continent.

The Europe-wide STOXX 600 index rose 0.4%, bouncing off three-week lows hit on Wednesday. Utilities and healthcare stocks, sectors considered as safer bets during times of economic uncertainty, were among top gainers.

Utilities, which led the way, also received a boost from Germany's push to step up climate protection, including a faster expansion of renewables and an accelerated coal exit.

Technology stocks rose 0.6%, their first session of gains in six days, after rising bond yields hit the high-growth sector earlier this week.

After concerns about faster U.S. rate hikes dented global sentiment, strong economic data helped Wall Street close higher on Wednesday and supported markets across the globe.

The Thanksgiving holiday in the United States kept a lid on activity elsewhere on Thursday.

"European markets have enjoyed a relatively upbeat day today, with the lack of US involvement reducing volatility into the close," Joshua Mahony, senior market analyst at IG, wrote in a client note.

Coronavirus infections are breaking records in parts of Europe, prompting new curbs as the continent finds itself at the epicentre of the pandemic once again.

Italy tightened the screws on people unwilling to take an COVID-19 vaccine, while France said that face masks will become compulsory again in many places and notably indoors to help contain a new wave of infections.

"While rising COVID cases remain a key concern for mainland European economies, we have seen the likes of the DAX and CAC both gain ground," Mahony added.

Data earlier showed a weaker-than-expected German economic expansion in the third quarter and tepid consumer sentiment ahead of Christmas shopping season.

Remy Cointreau jumped 13.4% to a record high after it raised its full-year profit outlook as strong demand for its premium cognac drove a stronger-than-expected operating profit in the first half.

Rival Pernod Ricard gained 2.5%, while London-listed Diageo climbed 1.0%.

Radiation therapy equipment maker Elekta gained 5.7% after it reported a smaller-than-expected fall in August-October earnings amid a growing need for cancer care and radiotherapy.

Swiss Life gained 3.6% after it said it would launch a new 1 billion Swiss franc ($1.07 billion) buyback and raise its dividend payout ratio.

Norway's Adevinta, the world's largest classified ads company, fell 7.2% after it posted a smaller-than-expected rise in its third-quarter revenue.

(Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur, Kirsten Donovan)

By Sruthi Shankar and Shreyashi Sanyal


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO GROUP -4.14% 108.72 Delayed Quote.13.29%
RIO TINTO PLC -2.37% 5448 Delayed Quote.11.55%
RÉMY COINTREAU 0.72% 195.1 Real-time Quote.-8.83%
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Analyst Recommendations on RÉMY COINTREAU
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Financials
Sales 2022 1 279 M 1 451 M 1 451 M
Net income 2022 199 M 225 M 225 M
Net Debt 2022 359 M 407 M 407 M
P/E ratio 2022 50,5x
Yield 2022 1,03%
Capitalization 9 896 M 11 224 M 11 222 M
EV / Sales 2022 8,02x
EV / Sales 2023 7,16x
Nbr of Employees -
Free-Float -
Chart RÉMY COINTREAU
Duration : Period :
Rémy Cointreau Technical Analysis Chart | RCO | FR0000130395 | MarketScreener
Technical analysis trends RÉMY COINTREAU
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 195,10 €
Average target price 200,54 €
Spread / Average Target 2,79%
EPS Revisions
Managers and Directors
Eric Vallat Chief Executive Officer
Luca Calogero Pietro Marotta Chief Financial Officer
Marc Hériard-Dubreuil Chairman
Patrick Marchand Operations Director
Jacques-Étienne de T'Serclaes Independent Director
Sector and Competitors
1st jan.Capi. (M$)
RÉMY COINTREAU-8.83%11 141
DIAGEO PLC-7.21%118 753
PERNOD RICARD-6.12%58 741
BROWN-FORMAN CORPORATION-9.02%30 886
THAI BEVERAGE PUBLIC COMPANY LIMITED-0.76%12 240
EMPERADOR INC.-6.83%5 935