Engie: Berenberg raises target to 18 euros
(CercleFinance.com) - Maintaining a buy rating on energy group Engie, Berenberg has raised its corresponding target price from 16 euros to 18 euros, which means upside potential of over 20%.
Analysts are still convinced that the decade of "malaise" which, from 2008 to 2018, saw Engie's EPS collapse by 55%, with its share price diving 70%, is now over. Profits are now expected to recover and attract new investors to the share, analysts say, who have raised their estimates - in particular due to higher expectations of the price of CO2. This bodes well for Engie's nuclear facilities in Belgium.
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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.
Analysts are still convinced that the decade of "malaise" which, from 2008 to 2018, saw Engie's EPS collapse by 55%, with its share price diving 70%, is now over. Profits are now expected to recover and attract new investors to the share, analysts say, who have raised their estimates - in particular due to higher expectations of the price of CO2. This bodes well for Engie's nuclear facilities in Belgium.
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.