Evry (France), April 15, 2015 – Baader Bank initiates coverage of Global Bioenergies’ stock (NYSE Alternext Paris : ALGBE) with a price target of €57.
Baader Bank is a leading Investment Bank in the German speaking region that covers around 220 stocks in various sectors including Chemicals.
Following Gilbert Dupont, Edison Investment Research and ODDO Securities, Baader Bank is the fourth broker covering Global Bioenergies.
About GLOBAL BIOENERGIES
Global Bioenergies is one of the few companies worldwide, and the only one in Europe, that is developing a process to convert renewable resources into hydrocarbons through fermentation. The Company initially focused its efforts on the production of isobutene, one of the most important petrochemical building blocks that can be converted into fuels, plastics, organic glass and elastomers. Global Bioenergies continues to improve the performances of its process, operates its industrial pilot and has begun the construction of its demo plant. The company also replicated its achievement to propylene and butadiene, two members of the gaseous olefins family, key molecules at the heart of petrochemical industry. Global Bioenergies is listed on Alternext, Euronext Paris (FR0011052257 – ALGBE).
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