Barclays ups Cofinimmo to 'equal weight' as Aedifica deal anchors share price

Cofinimmo SA

06/08/2025 07:21

** Barclays upgrades Belgian real estate group Cofinimmo COFB.BR to "equal weight" from "underweight" as they see limited scope for share price to outperform or underperform pending Aedifica merger

** "Aedifica's offer for Cofinimmo provides an anchor

for the share price," Barclays analysts say

** It believes the shares are "fairly valued for core-income seeking investors with limited scope for re-rating or de-rating"

** It adds the group had resilient H1 underlying performance, posting like-for-like rental growth of 2.8% and stable occupancy

** Barclays also raises its target price by +3% to 77 euros

** Out of 12 analysts that cover Cofinimmo, two rate the stock "strong buy" or "buy," ​nine rate "hold" and one rates the stock "sell" - LSEG data

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com;))