Rubis shares are bucking the Paris market trend, rising on Wednesday morning as Portzamparc analysts added the downstream oil specialist to their 'High Five' list of preferred stocks.

In its note, the research firm refers to "growth at a discount", as it forecasts growth of at least 30% in the Group's net income this year, while its Enterprise Value/Ebitda multiple stands at 4.9x, far from its five-year average of 9.2x.

Portzamparc has issued a 'buy' recommendation on the stock, together with a price target of 36.6 euros, indicating a 70% upside potential.

At around 10:40 am, the share price was up 0.4%, after having gained up to 0.7% at the start of the session.

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