The French cement production group revised down its Ebitda target for the full year due to a drop in profitability in Egypt.
On these grounds, the broker revised down Vicat's Ebitda target by 6% to €499million for 2011, and by a further 8% to €517million for 2012, Exane has said.
As a result of Vicat's difficulties on the Egyptian market, Exane also revised down the share price target attached to the French company, to €42, down 11% on its previous anticipation.
