Enel: UBS reiterates its buy recommendation

(CercleFinance.com) - The analyst believes that Enel's Q4 2023 results were in line with expectations.
UBS reiterates its buy recommendation on the stock and leaves its target price at E7.55, representing a potential upside of 24%.

Management was confident about growth from 2024 onwards, and suggested an improvement in shareholder remuneration this year, in line with the November 2023 plan, it says.

In 2026, group Ordinary EBITDA is expected to rise to between E23.6bn and E24.3bn, with group Net Ordinary Revenue increasing to between E7.1bn and E7.3bn.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.