E.ON: Oddo says group could adjust guidelines for 2019
(CercleFinance.com) - Oddo expects E.
ON to report a y-o-y fall in its 9m 2019 results. Analysts believe that energy supply should continue to weigh on the group's results, with difficulties in the UK and adverse conditions in Hungary.
However, the broker confirms its "buy" rating on the share, along with its target price of 10.60 euros (15% upside).
Oddo also expects the group to adjust its guidelines for 2019. In Q4, analysts expect a consolidation of innogy (excluding renewables), a deconsolidation of E.ON's renewable business and its participation in the Gudremmingen and Emsland nuclear power plants.
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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.
ON to report a y-o-y fall in its 9m 2019 results. Analysts believe that energy supply should continue to weigh on the group's results, with difficulties in the UK and adverse conditions in Hungary.
However, the broker confirms its "buy" rating on the share, along with its target price of 10.60 euros (15% upside).
Oddo also expects the group to adjust its guidelines for 2019. In Q4, analysts expect a consolidation of innogy (excluding renewables), a deconsolidation of E.ON's renewable business and its participation in the Gudremmingen and Emsland nuclear power plants.
Copyright (c) 2019 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.