Accueil > Actualité
Actualite financiere : Actualite bourse

Repsol: Oddo raises target price

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Repsol shares, raising its target price for them from 15 euros to 17.
5 euros to take into account the new valuation of 1P reserves in its sum-of-the-parts valuation.

By selling off part of the E&P and increasing the share of renewables in the mix, the group is accelerating its rerating, the analyst says, who also sees the group as one of the best positioned to capture the rise in gas and refining margins on diesel.

The broker also considers that the Spanish energy group's valuation remains very attractive, trading at a 2023 P/CF multiple of 2.9x, against 3.6x for the sector and a yield of over 12%, one of the best in the market.



Copyright (c) 2022 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.