Vestas Wind Systems: UBS on 'Buy'
(CercleFinance.com) - UBS this morning initiated coverage on the share of Danish wind energy specialist Vestas Wind Systems with its first 'Buy' recommendation.
The target horizon 12 months is 535 Danish krone, or a potential growth of around 35%.
The research note underlines that the onshore wind energy market—on which Vestas is the leader—is recovering, and that the interest of its offshore branch is probably being overlooked by the market.
Moreover, the Vestas group's valuation multiples are judged “attractive”.
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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.
The target horizon 12 months is 535 Danish krone, or a potential growth of around 35%.
The research note underlines that the onshore wind energy market—on which Vestas is the leader—is recovering, and that the interest of its offshore branch is probably being overlooked by the market.
Moreover, the Vestas group's valuation multiples are judged “attractive”.
Copyright (c) 2018 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.