Accueil > Actualité
Actualite financiere : Actualite bourse

Endesa: Oddo raises target price

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on the Spanish energy group Endesa's shares, having increased its target price for them from 22 euros to 25.
3 euros (current price about 20.1 euros, -2%), following the 2021/2024 strategy update, which it says emphasises profitability, with a slightly lower capex envelope.

The broker points out that this update confirmed trends over the first two years that are in line with its expectations, although it highlights significant growth in guidance from 2023 to 2026 (average EPS revision of +23%).

The analyst notes that the current valuation represents a 16.1% discount to its peers, based on average 2021/2023 EV and P/E multiples.


Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.