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investors information
Equity Analyst
Analyst
Price TargetRecommendationDate
Axia
8.00Neutral11/08/2017
Summary of the last report made by this analyst
Axia decreased the price target from €8.30 to €8.00 and maintains Neutral recommendation. The broker updated its estimates based on EDPR’s results as well as updated assumptions on installed capacity.
History of the recommendations
Price TargetRecommendationDate
Maria Almaça
8.00Neutral11/08/2017
Maria Almaça
8.30Buy08/24/2016
Bank of America Merrill Lynch
9.00Buy04/23/2018
Summary of the last report made by this analyst
The broker increased the price target from €7.70 to €9.00 with a Buy recommendation, highlighting the steady and diversified growth with an undemanding valuation.
History of the recommendations
Price TargetRecommendationDate
Pinaki Das
9.00Buy04/23/2018
Pinaki Das
7.70Buy03/01/2017
Pinaki Das
8.00Buy05/03/2016
BBVA
8.12Market perform12/11/2018
Summary of the last report made by this analyst
BBVA slightly increased EDPR's target price from €8.10 to €8.12 and mantained the Market Perform recommendation.
History of the recommendations
Price TargetRecommendationDate
Daniel Ortea
8.12Market perform12/11/2018
Daniel Ortea
8.10Market perform06/11/2018
Daniel Ortea
7.72Outperform02/05/2018
Berenberg
8.00Hold04/17/2018
Summary of the last report made by this analyst
After a model refresh the broker increased the price target from €4.50 to €8.00 with a recommendation from Sell to Hold. The broker highlights the value of the existing portfolio and the immediate pipeline with quasi-regulated cash flows.
History of the recommendations
Price TargetRecommendationDate
Lawson Steele
8.00Hold04/17/2018
Lawson Steele
4.50Sell02/07/2017
Lawson Steele
6.60Hold02/10/2016
BPI
9.70Buy11/27/2018
Summary of the last report made by this analyst
BPI increased price target from €9.15 to €9.70 and upgrades its recommendation from Neutral to Buy. BPI's estimates update rest on EDPR’s growth beyond 2020 targets and appealing upside.
History of the recommendations
Price TargetRecommendationDate
Gonzalo Sanchez-Bordoña
9.70Buy11/27/2018
Gonzalo Sanchez-Bordoña
9.15Neutral06/13/2018
Gonzalo Sanchez-Bordoña
8.10Neutral02/01/2018
Bryan, Garnier & Co
7.50Neutral05/23/2018
Summary of the last report made by this analyst
The broker updated its estimates, increasing earnings estimates until 2020 and highlighting the lower cost of debt and the solid growth track record. The broker increased the price target from €6.90 to €7.50 and maintains Neutral recommendation.
History of the recommendations
Price TargetRecommendationDate
Xavier Caroen
7.50Neutral05/23/2018
Xavier Caroen
6.90Neutral02/27/2018
Xavier Caroen
6.30Neutral03/01/2017
Caixa BI
7.10Neutral01/04/2018
Summary of the last report made by this analyst
Caixa BI decreases EDPR´s price target to €7.10 from €7.60 and downgrades its recommendation to Neutral. The analyst believes EDPR´s investment case remains solid and unchanged with interesting growth options. However, it highlights that market’s liquidity has decreased significantly and company’s fundamentals has lost importance.
History of the recommendations
Price TargetRecommendationDate
Helena Barbosa
7.10Neutral01/04/2018
Helena Barbosa
7.60Buy01/09/2017
Helena Barbosa
7.70Buy07/26/2016
Citigroup
7.90Neutral05/03/2018
Summary of the last report made by this analyst
The broker increased the price target from €6.85 to €7.90 and maintains Neutral recommendation after adjusting asset valuation and decreased capital cost expectations. The broker believes that limited merchant exposure, strong earnings growth and a potential M&A premium are factored in the current share price.
History of the recommendations
Price TargetRecommendationDate
Akhil Bhattar
7.90Neutral05/03/2018
Akhil Bhattar
6.85Neutral10/31/2017
Akhil Bhattar
6.85Neutral10/02/2017
Deutsche Bank
8.30Hold06/22/2018
Summary of the last report made by this analyst
The broker updated its estimates for EDPR, increasing the price target from €8.20 to €8.30 while downgrading the recommendation from Buy to Hold following the recent share price development.
History of the recommendations
Price TargetRecommendationDate
Martin Brough
8.30Hold06/22/2018
Virginia Sanz de Madrid
8.20Buy02/28/2018
Virginia Sanz de Madrid
8.00Buy12/06/2017
Exane BNP
8.20Neutral11/08/2018
Summary of the last report made by this analyst
Exane BNP increased the price target from €8.10 to €8.20 with Neutral recommendation. The broker updated its estimates following the expected EDPR’s strong growth up to 2020 and beyond.
History of the recommendations
Price TargetRecommendationDate
Manuel Palomo
8.20Neutral11/08/2018
Manuel Palomo
8.10Neutral05/10/2018
Manuel Palomo
8.00Overweight09/20/2017
Goldman Sachs
9.20Neutral09/18/2018
Summary of the last report made by this analyst
Goldman Sachs increased price target to €9.20 with Neutral recommendation unchanged.
History of the recommendations
Price TargetRecommendationDate
Manuel Losa
9.20Neutral09/18/2018
Manuel Losa
8.60Neutral07/26/2018
Manuel Losa
8.30Neutral06/13/2018
N/A
SuspendedSuspended coverage05/09/2018
Summary of the last report made by this analyst
Grupo CIMD updated its estimates following 3Q18 results, increasing the price target from €7.45 to €7.90. The broker makes no recommendation.
History of the recommendations
Price TargetRecommendationDate
N/A
SuspendedSuspended coverage05/09/2018
António Seladas
7.45Sell05/09/2018
António Seladas
7.45Neutral02/07/2018
Haitong
8.00Neutral05/14/2018
Summary of the last report made by this analyst
Haitong maintains price target at €8.00 and reduced recommendation from Buy to Neutral due to lower upside to price target relative to current share price.
History of the recommendations
Price TargetRecommendationDate
Jorge Guimarães
8.00Neutral05/14/2018
Jorge Guimarães
8.00Buy02/06/2018
Jorge Guimarães
6.75Neutral07/24/2017
JB Capital
8.00Neutral10/25/2017
Summary of the last report made by this analyst
JB Capital Markets updates EDPR’s valuation to 2018, adding the new UK offshore wind project and updating the exchange rates and remuneration in Poland. All things considered, price target remains at €8.00 and Neutral recommendation is unchanged.
History of the recommendations
Price TargetRecommendationDate
Maksym Mishyn
8.00Neutral10/25/2017
José Martins Soares
8.00Neutral07/06/2017
José Martins Soares
8.00Buy05/04/2017
JP Morgan
8.20Overweight05/14/2018
Summary of the last report made by this analyst
Following a model updated, the broker increased the price target from €7.80 to €8.20 and maintains Overweight recommendation. The price increase benefits from higher long-term growth linked to recent PPAs announced in the US market, which more than offset expiring US PTCs.
History of the recommendations
Price TargetRecommendationDate
Javier Garrido
8.20Overweight05/14/2018
Javier Garrido
7.80Overweight11/01/2017
Javier Garrido
6.70Overweight12/20/2016
Kepler Cheuvreux
8.40Buy11/08/2018
Summary of the last report made by this analyst
The broker maintains the price target of €8.40 and also the Buy recommendation, despite adverse foreign exchange and poor wind loads.
History of the recommendations
Price TargetRecommendationDate
Jose Porta
8.40Buy11/08/2018
Jose Porta
8.40Buy04/13/2018
Jose Porta
7.80Buy01/02/2018
Macquarie
7.90Neutral05/16/2018
Summary of the last report made by this analyst
Following the tender offer by CTG, the broker increased its price target from €7.05 to €7.90 and maintains Neutral recommendation.
History of the recommendations
Price TargetRecommendationDate
José Ruiz
7.90Neutral05/16/2018
José Ruiz
7.05Neutral03/28/2018
José Ruiz
6.75Neutral07/06/2017
Mediobanca
8.30Neutral05/03/2018
Summary of the last report made by this analyst
Mediobanca initiates coverage with €8.30 price target and Neutral recommendation. While the broker highlights the visible growth profile with low exposure to market fluctuations in stable markets, the firm sees returns for new assets under pressure and low liquidity as a risk factor.
History of the recommendations
Price TargetRecommendationDate
Sara Piccinini
8.30Neutral05/03/2018
Morgan Stanley
8.00Equal-weight05/09/2018
Summary of the last report made by this analyst
Morgan Stanley maintains its €8.00 price target and Equal-weight recommendation following the 1Q18 results release. The broker highlights the reassuring business plan execution of EDPR and the growth opportunities post 2020.
History of the recommendations
Price TargetRecommendationDate
Carolina Dores
8.00Equal-weight05/09/2018
Carolina Dores
8.10Equal-weight01/29/2018
Carolina Dores
8.10Equal-weight10/31/2017
Natixis
7.00Neutral04/12/2018
Summary of the last report made by this analyst
Natixis increased the price target from €6.90 to €7.00 and maintains Neutral recommendation. The broker updated its estimates based on EDPR’s annual results as well as new market developments in Europe.
History of the recommendations
Price TargetRecommendationDate
Philippe Ourpatian
7.00Neutral04/12/2018
Philippe Ourpatian
6.90Neutral03/01/2017
Philippe Ourpatian
6.90Neutral07/27/2016
RBC
8.20Neutral11/26/2018
Summary of the last report made by this analyst
RBC initiates coverage of EDPR with a Neutral recommendation and a €8.20 price target. These estimates are based upon what the broker believes to be a recent vigorous EDPR's operational performance that resulted in strong cash flow generation.
History of the recommendations
Price TargetRecommendationDate
Fernando Garcia
8.20Neutral11/26/2018
Santander
10.09Buy11/01/2018
Summary of the last report made by this analyst
The broker updated its estimates increasing the price target from €8.04 to €10.09 while upgrading the recommendation from Hold to Buy. The broker believes that EDPR offers tremendous potential if the CTG's bid goes through and good value if it does not.
History of the recommendations
Price TargetRecommendationDate
Bosco Muguiro
10.09Buy11/01/2018
Bosco Muguiro
8.04Hold05/14/2018
Bosco Muguiro
7.70Buy03/27/2017
Société Générale
8.00Hold05/09/2018
Summary of the last report made by this analyst
Societe Generale increased its price target from €7.50 to €8.00 and maintains Hold recommendation. While the broker highlights the positive 1Q18 results and similar outlook for the full year, it believes visibility beyond 2020 is needed.
History of the recommendations
Price TargetRecommendationDate
Jorge Alonso
8.00Hold05/09/2018
Jorge Alonso
7.50Hold02/28/2018
Jorge Alonso
7.40Hold10/31/2017
UBS
10.00Buy06/26/2018
Summary of the last report made by this analyst
The broker updated its estimates, including future growth of capacity secured or under construction and better than expected wind factors. The broker increased the price target from €8.00 to €10.00 and maintains Buy recommendation.
