BBVA: UBS reiterates buy rating
(CercleFinance.com) - UBS reiterates its buy rating on the BBVA stock, with an unchanged target of E8.
4.
Analysts believe that BBVA is a defensive option, with comfortable liquidity, combined with earnings still trending upwards and still trading at an attractive multiple.
Note that BBVA posted 2022 earnings of E6.42bn (+38% at current exchange rates, +39% in constant euros).
For 2023, despite uncertainty, the bank says that it will continue to create opportunities for all and contribute to the economic and social growth of the countries in which it is present.
Copyright (c) 2023 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.
4.
Analysts believe that BBVA is a defensive option, with comfortable liquidity, combined with earnings still trending upwards and still trading at an attractive multiple.
Note that BBVA posted 2022 earnings of E6.42bn (+38% at current exchange rates, +39% in constant euros).
For 2023, despite uncertainty, the bank says that it will continue to create opportunities for all and contribute to the economic and social growth of the countries in which it is present.
Copyright (c) 2023 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.