Euronext is a cross-border exchange. Co. operates combined regulated markets across Belgium, France, the Netherlands, Portugal and the United Kingdom (derivatives only). Co. offers a range of integrated services including the listing of financial instruments, trading in securities and derivatives, clearing, netting and settlement, market data dissemination and IT solutions and support. Co.'s customers include listed companies, members, institutional and individual investors who trade on Co. markets, other organizations, notably exchanges that use its technologies and services, and users of the financial and information generated by market activity.
  • ISINNL0006294274
  • ExchangeEuronext Amsterdam
  • SectorFinancial Services
  • CountryNetherlands

Analysts

ING
ING Helpdesk

Benelux Morning Notes

BAM, VolkerWessels: Second caisson successfully put into position. Euronext: 2022 financial targets (organic) in line, explicit on M&A ambitions. Fagron: 2% organic sales growth beat, Wichita yet to accelerate. Flow Traders: Low seasonal headwinds on 3Q19. FNG: Reorganisation of its Dutch head offices

ING
ING Helpdesk

Benelux Morning Notes

Belgian telecoms: More news on the VOO disposal. Euronext: September ends on a somewhat mixed note. Fagron: Preview of 3Q19 trading update. Royal Philips: Profit warning on Connected Care

ING
ING Helpdesk

Benelux Morning Notes

BAM, VolkerWessels: Second caisson successfully put into position. Euronext: 2022 financial targets (organic) in line, explicit on M&A ambitions. Fagron: 2% organic sales growth beat, Wichita yet to accelerate. Flow Traders: Low seasonal headwinds on 3Q19. FNG: Reorganisation of its Dutch head offices

ING
ING Helpdesk

Benelux Morning Notes

Belgian telecoms: More news on the VOO disposal. Euronext: September ends on a somewhat mixed note. Fagron: Preview of 3Q19 trading update. Royal Philips: Profit warning on Connected Care

ING
Research Department

Benelux Morning Notes

Ascencio: Limited growth and stable dividend guidance. Euronext: Market activity drops further in July. Flow Traders: Virtu notes material increase in performance in August. LEG Immobilien: Holding steady. Montea: Lower costs boost EPS and Dividend outlook. BinckBank: Ending coverage after acquisition by Saxo Bank

ING
Albert Ploegh, CEFA

Euronext/Revenue diversification the name of the game/BUY

The acquisition of Oslo Børs VPS further reduces ENX's dependence on the cyclical trading business (as in for 2018: from 45% of revenues to PF 40.2%). The improved risk profile should lead to a narrowing of the valuation gap with peers. ENX valuation remains attractive vs peers, trading at 16.8x adj. PER20F for an earnings CAGR of c.9.5% over 2018-21F. The high cash conversion means leverage should reduce quickly. We think the current lower-for-longer rate environment means that M&A in the sector will continue. ENX remains an ING Benelux favourite. TP increased from €65.0 to €80.0; BUY.

ING
Research Department

Benelux Morning Notes

Euronext: 2Q19F results - Oslo Børs VPS acquisition in focus

1 director sold

A director at Euronext NV sold 2,041 shares at 63.050EUR and the significance rating of the trade was 60/100. 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 mem...

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...

Charles Pinel

Euronext NV - Assemblée Générale des actionnaires du 8 Octobre 2019

Il est proposé de nommer deux nouveaux membres au conseil de surveillance qui seront soutenus en raison de leur indépendance (résolutions 1 et 2). Il est également proposer de renouveler le mandat de membre du Directoire de Stéphane Boujnah qui en demeurera le Président, et d'y nommer deux nouveaux membres (résolutions 3 à 5). La politique de rémunération du Président du Directoire sera modifiée afin de tenir compte de l'évolution du groupe et de son environnement depuis sa nomination en 2015. Une hausse de la rémunération fixe est ainsi proposée qui semble être raisonnable. En revanche, les ...

Jehanne Leroy

Euronext - Assemblée générale des actionnaires du 16 mai 2019

Le principal sujet de la présente assemblée est l'acquisition capital d’Oslo Bors VPS Holding ASA (« Oslo Bors ») par Euronext au prix de 706 M€. D'un point de vue stratégique, l’acquisition proposée est justifiée puisqu’elle permettra à Euronext d’étendre sa couverture géographique, renforçant ainsi son caractère pan-européen, tout en étant acteur du marché nordique actuellement aux mains de Nasdaq. D’un point de vue financier, le prix d'acquisition proposé (qui est également le prix proposé par Nasdaq) présente une prime de 44% sur le cours d’Oslo Bors au 17/12/2018 et 46% sur la moyenne des...

Jehanne Leroy

Euronext - Proxy Report 04 /10/2018

Il est proposé de ratifier les nominations en tant que membres du Directoire du Daryl Byrne (CEO Dublin) et Chris Topple (CEO London) en remplacement de Deirdre Somers et Lee Hodgkinson, respectivement.Nous n'avons pas de remarque particulière à formuler sur ces nominations et recommandons l'approbation.

Etude de l'AG du 19/10/2017

La société présente de nombreuses divergences par rapport au Dutch Corporate Governance Code auquel elle se réfère (durée maximale des mandats, indemnités de départ...). Suite à un remaniement de son concert d’actionnaires, et à la démission d’une membre de son conseil de surveillance, la société propose la cooptation de Franck Silvent au conseil. Alors que ce dernier présente des taux d’indépendance et de féminisation insuffisants, la société ne profite pas de cette opportunité pour améliorer la gouvernance de son conseil en proposant la cooptation d’un administrateur masculin non libre de co...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzerland, Australia, and Canada are all trading at multi-year highs and are among the most attractive coun...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

More cracks begin to show Weaker than expected data out of China and an as-expected 0.1% preliminary GDP contraction for the 2nd quarter in Germany has global equities back on the defensive, with the MSCI ACWI, ACWI ex-US, and EAFE back near logical support. In last week's Int'l Compass we noted that some cracks are beginning to show in the form of STOXX 600 Banks and Brent crude breakdowns, which led us to believe global equities are vulnerable to a breakdown. Below we highlight more cracks that are showing, which only increases the likelihood that equities may be poised to break down. • Mo...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunities in Europe, Japan As markets pull back amid the tariff saga we continue to believe this is an attractive time to add exposure. This view is supported by the technicals with all major global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) pulling back to their respective 200-day moving averages... see charts below. • Actionable Sectors: Services and Consumer Staples in Europe and Japan. We often view the Services Sector as a defensive way to invest in Technology. We also highlight several Consumer Staples stocks within Europe (the STOXX 600 Food & Beverage index remains leadersh...

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