Engie: Credit Suisse still a buyer - raises target price

(CercleFinance.com) - Credit Suisse has confirmed its buy rating ("outperform") on the share of French energy company Engie, before the group publishes its FY results in just over a month.


The broker has nudged its target price for the share up from 15.9 euros to 16.1 euros, meaning that the share has upside potential of nearly 20%.

"Engie is likely to hold a CMD on 28th February, concomitantly with the release of its 2018 earnings," analysts say. In their opinion, this event will be "crucial for the share", whose valuation is deemed "attractive", and which reports stronger earnings growth than its sector.


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