European Stocks to Watch: Taylor Woodrow, OMV, Atos Origin, Sogecable, Volkswagen, Barclays
Here are some of Monday's big movers on European stock markets:
Taylor Woodrow (up 14.63%) House-builder Taylor Woodrow agreed Monday to buy rival George Wimpey for 2.5 billion pounds ($4.9 billion), sending shares soaring.
OMV (up 3.05%) Shares of OMV increased after Citigroup raised the company’s target price from 49 euros to 52 euros, saying the company’s restructuring story is “currently the most interesting organic investment story in European integrated oil.”
Atos Origin (up 2.09%) French information technology services company Atos Origin’s shares are trading higher after the firm’s board approved a review of strategic options.
Sogecable (up 1.86%) Shares rose after Deutsche Bank upgraded Sogecable to buy from sell.
Volkswagen (down 3.47%) Volkswagen’s shares fell after Porsche raised its stake in Europe’s largest carmaker for less than the market value of the shares.
Barclays (down 2.37%) Shares of Barclays retreated after a Dresdner Kleinwort analyst lowered his recommendation for U.K's third-biggest banks to “hold'” from “add”.