Elia: Barclays raises target price
(CercleFinance.com) - Barclays reiterates its 'overweight' recommendation on Elia Group, with a target price raised from E90 to E100, noting that investor attention is returning to the superior growth profile of RAB (regulated asset base) and EPS.
The broker justifies its target upgrade on the Belgian electricity transmission provider's stock by the increase in capex, the solid German operating performance and the removal of a capital increase discount in its valuation.
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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 broker justifies its target upgrade on the Belgian electricity transmission provider's stock by the increase in capex, the solid German operating performance and the removal of a capital increase discount in its valuation.
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.