DEME Group's shares hit record high after it ups revenue forecast

DEME NV

29/08/2024 08:45

** Shares in DEME Group  DEME.BR  rise as much as 6.2%,
hitting an all-time high, after the Belgian construction company
hiked its revenue outlook for the full year
    ** "Overall visibility for DEME is very good, considering
the current order book level as well as the current end market
dynamics and trends," ING says in a note
    ** KBC Securities upgrades its rating to "buy" from
"accumulate", citing the newly anticipated revenue growth of 20%
    ** The stock, up 4% by 0742 GMT, hit a record high of 175
euros 
    ** If gains hold, the stock will see its best day since May


 (Reporting by Leo Marchandon)
 ((leo.marchandon@thomsonreuters.com))