|Bid||366.40 x 400|
|Ask||382.00 x 300|
|Day's Range||365.20 - 382.40|
|52 Week Range||292.20 - 498.60|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||39.85|
|Forward Dividend & Yield||2.88 (0.80%)|
|1y Target Est||32.00|
European stocks edged higher at the close of a choppy and directionless session where indexes hovered around the flotation mark in the lack of news about Sino/U.S. trade talk. The pan-European STOXX 600 closed up 0.2 percent after trading in the red for part of the day, extending a three-day rally into four straight days of gains. "There seemed to be no overriding theme to Tuesday’s trading", wrote Connor Campbell, an analyst at Spreadex.
The firm has been expanding rapidly, with about 50 acquisitions last year including LabCorp's Covance Food Solutions and JSTI Group's TestAmerica. Acquisitions provided a boost in revenue of about 700 million euros in both 2017 and 2018. "In 2019 and 2020, the focus for the Group will be less on M&A ... and much more on finalising those internal investments and making progress towards operational excellence, and thus on beginning to improve profitability, cash flow and return on investment," CEO Gilles Martin said in a statement.
Italian stocks jumped on Monday on accumulating signs of a climbdown from the Italian government whose budget deficit plans had set it on course for disciplinary action from the European Union. The governing ...
The company has been expanding rapidly, with 60 acquisitions, including EAG Laboratories in North America, and 30 laboratory start-ups last year. Three acquisitions - that of EAG, as well as Covance Food Solutions bought this year from LabCorp (LH.N) for $670 million (517 million pounds), and TestAmerica to be acquired from JSTI Group - constitute the biggest M&A spree in the company's history, it said. It said it now sees revenues of 4.6 billion euros (4.1 billion pounds) and 5 billion euros in 2019 and 2020 respectively, provided all acquisitions close as planned in 2018, with 1 billion euros in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in 2020.