Engie: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Engie and raises its target price from E20 to E20.
5, after raising its short- and medium-term estimates for the energy group.
In an environment characterised by greater instability, the group benefits from a diversified business base that is well adapted to the volatility of its markets, the analyst judges the day after its quarterly publication.
The solid financial situation enables us to pursue the developments necessary to achieve our energy transition objectives, while new market opportunities are emerging on the horizon, he continues.
Oddo BHF also believes that Engie is unfairly discounted to its main peers by around 20% in terms of 2026 P/E, and that the attractive and sustainable yield profile is not sufficiently recognised by investors.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
5, after raising its short- and medium-term estimates for the energy group.
In an environment characterised by greater instability, the group benefits from a diversified business base that is well adapted to the volatility of its markets, the analyst judges the day after its quarterly publication.
The solid financial situation enables us to pursue the developments necessary to achieve our energy transition objectives, while new market opportunities are emerging on the horizon, he continues.
Oddo BHF also believes that Engie is unfairly discounted to its main peers by around 20% in terms of 2026 P/E, and that the attractive and sustainable yield profile is not sufficiently recognised by investors.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.