Enel: stock up after annual results
(CercleFinance.com) - The Enel share is up about 2% in Milan on Friday morning (8.
24 euros just before 11 am), the day after the electricity company published FY 2020 net profit that is up 20% at 2.6 billion euros, with stable ordinary EBITDA of 17.9 billion euros, even though its revenues fell by 19% to 65 billion euros.
Oddo BHF notes that the dividend came in at 0.358 euro per share, which is slightly higher than the minimum dividend forecast by the group (0.35 euro per share), with the broker itself expecting 0.37 euro per share.
Management is confident about 2021, despite the continuing disruption on the FX markets, analysts add, who maintain an "outperform" rating on the stock, along with a target price of 9.60 euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
24 euros just before 11 am), the day after the electricity company published FY 2020 net profit that is up 20% at 2.6 billion euros, with stable ordinary EBITDA of 17.9 billion euros, even though its revenues fell by 19% to 65 billion euros.
Oddo BHF notes that the dividend came in at 0.358 euro per share, which is slightly higher than the minimum dividend forecast by the group (0.35 euro per share), with the broker itself expecting 0.37 euro per share.
Management is confident about 2021, despite the continuing disruption on the FX markets, analysts add, who maintain an "outperform" rating on the stock, along with a target price of 9.60 euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.