Engie: Oddo raises target price
(CercleFinance.com) - Oddo BHF confirms its "outperform" rating on Engie shares, nudging up its target price for them from 18 euros to 18.
5 euros, judging that the group's model has a significant resilience compared to traditional utilities groups.
Following its quarterly trading update, the broker says that the group is in a position to capture significantly more favourable market conditions, which could justify future increases in estimates if market conditions remain favourable.
Indeed, Oddo says that Engie has unveiled results that exceeded its expectations for Q1, leading it to raise its expectations for 2022 - in particular with significantly higher price assumptions for the year.
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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.
5 euros, judging that the group's model has a significant resilience compared to traditional utilities groups.
Following its quarterly trading update, the broker says that the group is in a position to capture significantly more favourable market conditions, which could justify future increases in estimates if market conditions remain favourable.
Indeed, Oddo says that Engie has unveiled results that exceeded its expectations for Q1, leading it to raise its expectations for 2022 - in particular with significantly higher price assumptions for the year.
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.