(BFM Stock Exchange)-The financial intermediary has noted its recommendation to “online weighting” against “sub-ponder” on the action of the ex-CGG. Barclays accompanies this increase in a course objective granting a fairly significant increase in the title.

Virid is one of the values ​​that has progressed the most of the SBF 120 index. Since the beginning of 2025, the ex-CGG has won more than 50% and is one of the 10 stronger increases in the extended index of the Parisian square.

The Parapetrolier group has unveiled 2024 results marked by a cash generation greater than its own forecasts. And for 2025, he plans to stay on this same dynamic since he reiterated at the end of February a goal of net generation of cash in the order of $ 100 million. . The company also aims to reduce its debt.

More positive analysts

The group also benefited at the past weekend from an increase in Kepler Cheuvreux which has passed to “purchase”, with a course of course from 45 to 120 euros.

Barclays follows suit with his counterpart and in turn considers that it is now time to be less dark on the file. The British bank noted on Monday, March 24, its opinion on “online weighting” on Monday, March 24, against “sub-ponder” before. Which amounts to going from “selling” to “neutral”. Barclays also enhanced its price target at 100 euros against 65 euros previously.

During Friday (74.70 euros), this target grants an increase of almost 32% to the former CGG. This more positive opinion of Barclays bears the action which takes 3.3% at the end of the session on the Paris Stock Exchange.

Barclays estimates that a major risk concerning Verid was eliminated thanks to a significant refinancing of 1.1 billion euros. According to the design office, this operation will leave a room for maneuver until 2030 to allow Virid to reduce its debt.

This will undoubtedly allow him to put an end to the restructuring of the company which has lasted for almost a decade, adds the financial intermediary.

“Virid’s activity is improving, debt is refined and the company should generate a net cash flow of around 100 million US dollars in 2025, or around 17% of current market capitalization,” said Barclays. “Over time, debt levels should lower and the debt rate decreases,” continues the design office.

However, the financial intermediary estimates that it will take time for investors to change their perception on the file and see more attractive alternatives elsewhere in its coverage world.

“It is also a title with low capitalization and a high lever effect, which, in our view, will dissuade some from investing”, abounds Barclays to justify his opinion to “online weighting” despite an increase of more than 30% on action.