BBVA: UBS maintains buy rating after meeting CEO
(CercleFinance.com) - Following analysts' meeting with BBVA's CEO/CFO, UBS confirms its buy rating on the stock with a target price of 7.
1 euros.
"The feedback from the CEO/CFO meeting is positive. We consider the Spain/Mexico combination to be defensive, and the stock is trading attractively at 6x PE23E," the analyst said.
The group reported earnings of 1.65 billion euros for Q1 2022 (+36.4% y-o-y at current exchange rates), up 41% y-o-y.
This is the highest recurring profit ever recorded, increasing 68.4% y-o-y.
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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.
1 euros.
"The feedback from the CEO/CFO meeting is positive. We consider the Spain/Mexico combination to be defensive, and the stock is trading attractively at 6x PE23E," the analyst said.
The group reported earnings of 1.65 billion euros for Q1 2022 (+36.4% y-o-y at current exchange rates), up 41% y-o-y.
This is the highest recurring profit ever recorded, increasing 68.4% y-o-y.
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.