Following positive recommendations of analysts with a growth in turnover estimated at 5% and price targets around € 30, the title of the battery manufacturer is rising again and posted a 5.04% growth before 2pm at € 23.360
Due to legal disputes with Johnson Controls (JCI) the action had ended at its lowest since April 2009 ao 22€ last Friday and posted a 15% decline since the beginning of the year.
"Saft and Johnson Controls are in conflict since May 18, when the French said to be opposed to the legal action intended by JCI to dissolve their U.S. joint venture.
The two groups disagree on the perspectives and objectives of this joint venture, launched in 2006, which manufactures lithium-ion batteries for hybrid, plug-in hybrids and electric vehicles. "
Among others Saft equips: