Voltalia: Invest Securities a buyer after results
(CercleFinance.com) - Invest Securities reiterates its 'buy' rating on Voltalia, even though a significant revaluation will have to wait for the conclusions of the strategic review in September, while adjusting its target price from E11.
6 to E12.3.
As predicted by the good sales figures, the 2024 results are reassuring, driven by energy sales. Voltalia has managed to achieve its published EBITDA guidance, helping to rebuild its credibility, the analyst points out.
Nevertheless, as evidenced by the market's sanction yesterday (-9%) following the absence of EBITDA guidance for 2025, Invest Securities remains expectant, pending the first conclusions of the SPRING plan to be unveiled in September.
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