Engie: Oddo expects 10.8% earnings growth over 2018/2021

(CercleFinance.com) - Ahead of Engie's Capital Market Day (CMD), scheduled for the end of February, on Wednesday an analyst at Oddo BHF said that after three years of stable results, he expects Engie to report 10.
8% earnings growth over 2018/2021.

Engie is expected to return to growth in the period 2018/2021. We believe that the group should benefit from several positive factors that will result in an EPS growth target of at least 10% p.a. from 2019, the analyst says.

Pending the CMD, Oddo BHF maintains its buy rating on the share, with a target price of 15 euros, which suggests upside potential of around 8%.



Copyright (c) 2019 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.