Engie: Oddo still a buyer
(CercleFinance.com) - Oddo today said that it is maintaining its "Buy" rating on the Engie share, as well as its target price of 15.
50 euros, based on the group's encouraging Q1 2018 results.
Yesterday evening, Engie reported underlying operating income that is up 3.1% at 2.2 billion euros, with Ebitda up 3% at 3.2 billion euros and sales that are up 1.2% at 17.5 billion euros (+3% in organic terms).
Overall, performance over Q1 was satisfactory and we expect CAGR EPS growth of 5.5% over the period 2017-2020, in line with expected levels in the sector, Oddo noted.
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