Engie: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Engie shares, while raising its target price for them from E18.
5 to E20, after increasing its EPS estimates by around 3%, following the group's performance over 9m 2023.
In addition to raising our estimates, analysts have rolled forward their model to 2024. The stock is currently trading at a discount of around 25% in terms of 2024 P/E relative to its main peers, which analysts feel is attractive.
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