Engie: Deutsche Bank still a buyer, but cuts TP
(CercleFinance.com) - Deutsche Bank announced on Monday that it had trimmed its target price for Engie shares from E17.
5 to E17, while renewing its buy recommendation on them.
In a study of European energy players, the analyst says that he has upgraded his opinion on the sector to 'positive', after recommending that investors take a pause last October following its recovery on the stock market.
From the broker's point of view, European energy stocks are currently trading at an exceptionally attractive discount of around 8%, a level that has only been as low as 6% of the time in the past.
The broker also believes that the market is overestimating the impact of Trump's policies on the sector, and their effect on the performance of renewable energy projects in the US.
Finally, DB says that it is seeing signs of tension in the gas market.
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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 to E17, while renewing its buy recommendation on them.
In a study of European energy players, the analyst says that he has upgraded his opinion on the sector to 'positive', after recommending that investors take a pause last October following its recovery on the stock market.
From the broker's point of view, European energy stocks are currently trading at an exceptionally attractive discount of around 8%, a level that has only been as low as 6% of the time in the past.
The broker also believes that the market is overestimating the impact of Trump's policies on the sector, and their effect on the performance of renewable energy projects in the US.
Finally, DB says that it is seeing signs of tension in the gas market.
Copyright (c) 2025 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.