Kepler cuts Rubis to 'hold' on limited short-term potential

Rubis SCA

18/03/2025 08:54

** Kepler Cheuvreux downgrades Rubis RUBF.PA to "hold" from "buy" after the French liquid products distributor last week provided a "subdued" 2025 outlook

** Based on the outlook, Kepler sees a drop in 2025 EPS, which it says raises the sustainability of Rubis' dividend policy into question

** Kepler adds the share price upside is now limited to less than 10%

** The shares drop 3.5% to EUR 26.34 at 0844 GMT

** "Long-term potential for both the historical business and Photosol remain unchanged," the broker says

** Two out of four analysts rate Rubis "strong buy" or "buy", with ​two at "hold"

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))