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BUZZ-Rubis: hits all-time high after Berenberg hikes target price

Wed, 15th Jul 2015 08:23

** Rubis rises 5.4 pct after Berenberg hikestarget price from 67 euros to 84 euros

** Broker moves 20-25 pct ahead of consensus, says more M&Alikely, sell-side not fully accounting for earnings-accretivedeals already agreed

** Rubis set to buy West African bitumen distributor ERES,the SARA refinery in Martinique as well as assets from Total and Shell in Reunion

** Berenberg, rated at five stars for accuracy on Rubis, nowthe most bullish on the street, according to Thomson Reutersdata (current mean TP 67.76 euros)

** Top riser on Stoxx 600, third most traded byaverage 30-day volumes

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

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