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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