Imerys is engaged in the production and the processing of minerals. Co.'s operations can be divided into four business groups: Minerals for Ceramics, Refractories, Abrasives and Foundry (minerals mainly for floor tiles, sanitaryware, porcelain, mobile energy as well as high-temperature and abrasive industries); Performance and Filtration Minerals (plastics, rubber, coatings, sealants and adhesives, health, beauty and filtration of nutrition liquids); Pigments for Paper (filler and coating products for paper) and Materials and Monolithics (construction materials in clay and slate and monolithic products and solutions for high-temperature industries).
  • TickerNK
  • ISINFR0000120859
  • ExchangeEuronext Paris
  • SectorMining
  • CountryFrance

Analysts

Increased risk weighs on IMERYS, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of IMERYS (FR), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date December 18, 2018, the closing price was EUR 41.50 and its target price was estimated at EUR 39.42.

Eric Lemarie

IMERYS: Investment case further polluted by the talc issue | NEUTRAL | EUR65

IMERYS - NEUTRAL | EUR65(+44%) Investment case further polluted by the talc issue Reuters investigation puts pressure on J&J share price Numerous claims pending Financial and reputation risk cannot be overlooked We stick with our cautious approach in this context

Eric Lemarie

IMERYS - NEUTRAL | EUR65 vs. EUR75 (+45%) In needs of proper catalysts (management contact)

IMERYS - NEUTRAL | EUR65 vs. EUR75 (+45%) In needs of proper catalysts (management contact) New organisation, but no financial details yet Market volatility has worsened since last summer New forecasts and some lasting uncertainties Rating unchanged for now, despite significant upside

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/29/2018

...

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/11/2018

...

Imerys S.A. - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Imerys S.A.: Moody's comments on Imerys' talc related law suit in the US

Credit implications of talc related law suit in the US

Imerys S.A. - June 2017 (LTM): Peer Snapshot

Peer Snapshot: Imerys S.A. - June 2017 (LTM) 27 September 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

Imerys S.A.: Credit Opinion Update Following H1 2017 Results and Closing of Kerneos Acquisition

CORPORATES CREDIT OPINION 30 August 2017 Update RATINGS Imerys S.A. Domicile Paris, France Long Term Rating Baa2 Type Senior Unsecured - Fgn Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stanislas Duquesnoy 49-69-70730-781

Imerys S.A.: Credit Opinion Update Following Kerneos Acquisition Announcement

CORPORATES CREDIT OPINION 11 January 2017 Update RATINGS Imerys S.A. Domicile Paris, France Long Term Rating Baa2 Type Senior Unsecured - Fgn Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stanislas Duquesnoy 49-69-70730-781

Eric Lemarie

IMERYS: Investment case further polluted by the talc issue | NEUTRAL | EUR65

IMERYS - NEUTRAL | EUR65(+44%) Investment case further polluted by the talc issue Reuters investigation puts pressure on J&J share price Numerous claims pending Financial and reputation risk cannot be overlooked We stick with our cautious approach in this context

Eric Lemarie

IMERYS - NEUTRAL | EUR65 vs. EUR75 (+45%) In needs of proper catalysts (management contact)

IMERYS - NEUTRAL | EUR65 vs. EUR75 (+45%) In needs of proper catalysts (management contact) New organisation, but no financial details yet Market volatility has worsened since last summer New forecasts and some lasting uncertainties Rating unchanged for now, despite significant upside

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : Building France: no trend reversal in October

>Negative stock-market impact - Figures down in October in both the residential and non-residential segments. The residential segment continues to slow. In the non-residential segment, building starts and building permits continued to fall on a rolling three-month basis. That said, unlike building permits, over twelve months rolling, new building starts in the non-residential segment are still on an uptrend (+4.1%). For 2018, the non-residential and public works segme...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : Bâtiment France : octobre, pas d’inversement de tendance

>Impact boursier négatif - Chiffres en baisse en octobre dans le résidentiel et dans le non résidentiel. Le ralentissement dans le résidentiel continue. Les mises en chantier et les permis de construire dans le non résidentiel sont à nouveau en forte baisse sur trois mois glissants. Cependant, contrairement aux permis de construire, sur 12 mois glissants, les mises en chantier dans le non résidentiel s’affichent encore en hausse (+4.1%). Pour 2018, le segment non...

Eric Lemarie

IMERYS: New organisation announced | |

IMERYS - | New organisation announced New organisation around two segments A leaner organisation and a new Executive Committee View unchanged so far

1 director bought

A director at Imerys Sa bought 400 shares at 60.400EUR and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/29/2018

...

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/11/2018

...

Jean-François Granjon ...
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 11/05/2018

...

Jean-François Granjon ...
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/11/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2018

...

Increased risk weighs on IMERYS, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of IMERYS (FR), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date December 18, 2018, the closing price was EUR 41.50 and its target price was estimated at EUR 39.42.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Imerys SA - Strategy, SWOT and Corporate Finance Report

Synopsis Imerys SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Imerys SA required for business and competitor intelligence needs - A study of the major internal and external factors affecting Imerys SA in the form of a SWOT analysis - An in-depth view of the business model of Imerys SA including a breakdown and examination of key business ...

Charles Pinel

Proxy Report - 04/05/2018

Gilles Michel, CEO, will resign on the 4th of May, 2018. Conrad Keijzer, appointed as deputy Chief Executive Officer on March 8, 2018, will be designated as Chief Executive Officer of the Group. We welcome the separation of functions (resolutions 7 and 10). The Board will decide at its meeting on May 4, 2018 to coopt a new independent female member who is currently being selected. 2017 remuneration for Gilles Michel : The Company has made a concerted effort to improve transparency this year by disclosing performance criteria weightings and achievement rates for the bonus. However, given the l...

Charles Pinel

Proxy Report - 04/05/2018

Président-Directeur Général d'Imerys depuis 2011, Gilles Michel va prendre sa retraite à l'issue de la présente assemblée générale. Il conservera la présidence du conseil et Conrad Keijzer, désigné le 8 mars 2018 en qualité de Directeur général délégué, deviendra Directeur général. En raison de la séparation des fonctions de président du conseil et de Directeur général, nous recommandons l'approbation aux résolutions 7 et 10 (renouvellement du mandat de Gilles Michel et nomination de Conrad Keijzer). Par ailleurs, le Conseil a exprimé sa volonté de coopter, lors de sa réunion du 4 mai prochai...

Charles Pinel

Etude de l'AG du 03/05/2017

This year, Imerys till proposes to its shareholder to vote the compensation due to Gilles Michel for 2016, but also to vote on the remuneration policy for 2017 (Sapin II law). It’s disappointing for us to remark that nor the communication, nor the transparency about the remuneration of the first executive of the company wasn’t improved. Moreover, the total remuneration due to the Chairman and CEO for 2016 is still higher than its peers of the SBF 120, and even if we do not have all information to have a clear view of what it will be for 2017, it’s very likely that the same problem will remain ...

Charles Pinel

Etude de l'AG du 03/05/2017

Comme l'année précédente, la rémunération du Président-Directeur Général, Gilles Michel, souffre d’un manque de transparence relatif à la rémunération variable, d'une rémunération actionnariale qui ne semble pas être mesurée sur une performance assez longue pour être considérée comme du long-terme et d'une rémunération totale excédant la médiane de l’indice de cotation. Pourtant, lors des assemblées 2015 et 2016, les Say on Pay de Gilles Michel avaient recueilli seulement 88% et 89% d’approbation. Ces taux d’opposition de plus de 10% sont élevés au regard de la part détenue par l'actionnaire p...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

Jérôme VINERIER

Short term view - IMERYS : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €52.05. The background trend would be questioned should prices rise above €64.70.

Jérôme VINERIER

Analyse court terme - IMERYS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 52,05 €. La tendance de fond serait remise en cause en cas de franchissement de 64,70 €.

Jérôme VINERIER

Short term view - IMERYS : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €52.05, then €46.47. Passing €64.70 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - IMERYS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 52,05 €, puis 46,47 €. Le franchissement de 64,70 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse moyen terme - IMERYS : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 52,20 €, puis 46,30 €. Le franchissement de 70,03 € remettrait en cause la suite de la baisse.

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