Equity Analyst

investors information

Equity Analyst

  • Analyst
    Price Target Recommendation Date
  • Bank of America Merrill Lynch
    11.60 Buy 09/04/2019
  • Summary of the last report made ​​by this analyst

    BoAML reinstate coverage on EDPR at Buy with TP of €11.60/share. The broker expects EDPR to beat guidance on disposals and debt costs.

  • History of the recommendations
    Price Target Recommendation Date
  • Mikel Zabala
    11.60 Buy 09/04/2019
  • Pinaki Das
    9.00 Buy 04/23/2018
  • Pinaki Das
    7.70 Buy 03/01/2017
  • Barclays
    10.00 Equal-weight 09/30/2019
  • Analyst since

    09/30/2019
  • Summary of the last report made ​​by this analyst

    Barclays initiate coverage with an Equal Weight rating and a PT of €10.00. The broker is optimistic on the future of offshore wind along with EDPR’s strategy based on organic growth.

  • History of the recommendations
    Price Target Recommendation Date
  • Jose Ruiz
    10.00 Equal-weight 09/30/2019
  • BBVA
    8.12 Market perform 12/11/2018
  • 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 Target Recommendation Date
  • Daniel Ortea
    8.12 Market perform 12/11/2018
  • Daniel Ortea
    8.10 Market perform 06/11/2018
  • Daniel Ortea
    7.72 Outperform 02/05/2018
  • Berenberg
    8.00 Hold 01/18/2019
  • Summary of the last report made ​​by this analyst

    Berenberg maintains the Hold recommendation and respective price target, saying that the share is dominated by China Three Gorges's interest.

  • History of the recommendations
    Price Target Recommendation Date
  • Lawson Steele
    8.00 Hold 01/18/2019
  • Lawson Steele
    8.00 Hold 04/17/2018
  • Lawson Steele
    4.50 Sell 02/07/2017
  • Bernstein
    11.00 Outperform 09/04/2019
  • Analyst since

    06/28/2019
  • Summary of the last report made ​​by this analyst

    Bernstein's TP of €11.00 is backed by EDPR’s acceleration of growth and continuous stream of capital gains, that according to the broker, are not yet reflected in the share price.

  • History of the recommendations
    Price Target Recommendation Date
  • Meike Becker
    11.00 Outperform 09/04/2019
  • Meike Becker
    10.00 Outperform 06/04/2019
  • Meike Becker
    10.00 Outperform 05/09/2019
  • BPI
    11.55 Buy 06/03/2019
  • Summary of the last report made ​​by this analyst

    BPI maintains recommendation and increases price target to €11.55, mainly supported by the "value crystallisation from asset rotation, fundamental upside and potential M&A.

  • History of the recommendations
    Price Target Recommendation Date
  • Gonzalo Sanchez-Bordoña
    11.55 Buy 06/03/2019
  • Gonzalo Sanchez-Bordoña
    10.60 Buy 03/25/2019
  • Gonzalo Sanchez-Bordoña
    9.60 Buy 02/21/2019
  • Caixa BI
    8.35 Neutral 02/27/2019
  • Summary of the last report made ​​by this analyst

    Caixa BI with Neutral recommendation and price target of €8.35.

  • History of the recommendations
    Price Target Recommendation Date
  • Helena Barbosa
    8.35 Neutral 02/27/2019
  • Helena Barbosa
    7.10 Neutral 01/04/2018
  • Helena Barbosa
    7.60 Buy 01/09/2017
  • Exane BNP
    10.90 Outperform 07/24/2019
  • Summary of the last report made ​​by this analyst

    Exane BNPP increased its price target from €9.90 to €10.90 based in a more aggressive Sell-down scenario.

  • History of the recommendations
    Price Target Recommendation Date
  • Manuel Palomo
    10.90 Outperform 07/24/2019
  • Manuel Palomo
    9.90 Outperform 03/22/2019
  • Manuel Palomo
    8.70 Outperform 01/08/2019
  • Fidentiis
    8.20 Hold 12/06/2018
  • Analyst since

    06/06/2014
  • Summary of the last report made ​​by this analyst

    Fidentiis has resumed its coverage of EDPR with a Hold rating and target price of €8.20, explained by the projected "timid growth" in earnings.

  • History of the recommendations
    Price Target Recommendation Date
  • Daniel Rodríguez
    8.20 Hold 12/06/2018
  • Daniel Rodríguez
    5.78 Hold 12/18/2014
  • Daniel Rodríguez
    5.84 Hold 09/10/2014
  • JB Capital
    10.00 Buy 01/24/2019
  • Summary of the last report made ​​by this analyst

    The broker praises the fact that EDPR has more than 100% of the 2020 plan secured and thus upgrades both price target and recommendation to €10.00 and Buy, respectively.

  • History of the recommendations
    Price Target Recommendation Date
  • Maksym Mishyn
    10.00 Buy 01/24/2019
  • José Martins Soares
    8.00 Neutral 10/25/2017
  • José Martins Soares
    8.00 Neutral 07/06/2017
  • JP Morgan
    9.00 Overweight 03/15/2019
  • Summary of the last report made ​​by this analyst

    The price target increased to €9.00 comes from the incorporation in the J.P.Morgan's model of the FY2018 results and the EDP Group Strategic Update targets to the 2019-22 period.

  • History of the recommendations
    Price Target Recommendation Date
  • Javier Garrido
    9.00 Overweight 03/15/2019
  • Javier Garrido
    8.20 Overweight 05/14/2018
  • Javier Garrido
    7.80 Overweight 11/01/2017
  • Kepler Cheuvreux
    10.30 Buy 06/03/2019
  • Summary of the last report made ​​by this analyst

    The broker maintains the recommendation and increases the price target to €10.30 (upside of 16%), highlighting the "rather attractive" risk/reward profile of EDPR.

  • History of the recommendations
    Price Target Recommendation Date
  • Jose Porta
    10.30 Buy 06/03/2019
  • Jose Porta
    8.40 Buy 11/08/2018
  • Jose Porta
    8.40 Buy 04/13/2018
  • Macquarie
    9.16 Neutral 05/10/2019
  • Summary of the last report made ​​by this analyst

    Macquarie reiterates the Neutral recommendation but increases the target price by 16% to €9.16, as the broker sees "further opportunities of value realization at EDPR".

  • History of the recommendations
    Price Target Recommendation Date
  • José Ruiz
    9.16 Neutral 05/10/2019
  • José Ruiz
    7.90 Neutral 01/07/2019
  • José Ruiz
    7.90 Neutral 05/16/2018
  • Mediobanca
    11.00 Outperform 09/06/2019
  • Summary of the last report made ​​by this analyst

    Valuation increased to €11.00 as EDPR is on track to delivering on growth, with c.50% of BP’s capacity secured, diversifying its asset base and continue signing long-term contracts.

  • History of the recommendations
    Price Target Recommendation Date
  • Sara Piccinini
    11.00 Outperform 09/06/2019
  • Sara Piccinini
    9.20 Outperform 03/13/2019
  • Sara Piccinini
    9.00 Outperform 02/01/2019
  • Natixis
    7.00 Neutral 04/12/2018
  • 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 Target Recommendation Date
  • Philippe Ourpatian
    7.00 Neutral 04/12/2018
  • Philippe Ourpatian
    6.90 Neutral 03/01/2017
  • Philippe Ourpatian
    6.90 Neutral 07/27/2016
  • RBC
    11.00 Outperform 10/07/2019
  • Summary of the last report made ​​by this analyst

    RBC maintains their Outperform rating and increase their PT to €11.00 backed by a lower cost of capital, supported by lower regulatory risk in Portugal. The broker believes EDPR delivers a highly efficient portfolio of renewable assets, with a clear platform for growth and strong cash flow generation.

  • History of the recommendations
    Price Target Recommendation Date
  • Fernando Garcia
    11.00 Outperform 10/07/2019
  • Fernando Garcia
    9.75 Outperform 04/25/2019
  • Fernando Garcia
    8.20 Neutral 11/26/2018
  • Santander
    9.75 Buy 05/22/2019
  • Summary of the last report made ​​by this analyst

    The broker maintains recommendation but decreases price target to € 9.75, due to the removal of the M&A premium, included in the previous TP.

  • History of the recommendations
    Price Target Recommendation Date
  • Bosco Muguiro
    9.75 Buy 05/22/2019
  • Bosco Muguiro
    10.09 Buy 11/09/2018
  • Bosco Muguiro
    8.04 Hold 05/14/2018
  • Société Générale
    10.00 Buy 04/17/2019
  • Summary of the last report made ​​by this analyst

    Société Générale upgrades EDPR to Buy (from Hold) with a new target price of €10.00 as the broker believes that "the new plan will unlock a lot of value".

  • History of the recommendations
    Price Target Recommendation Date
  • Jorge Alonso
    10.00 Buy 04/17/2019
  • Jorge Alonso
    8.00 Hold 05/09/2018
  • Jorge Alonso
    7.50 Hold 02/28/2018
  • UBS
    10.00 Buy 06/26/2018
  • 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.

  • History of the recommendations
    Price Target Recommendation Date
  • Rui Dias
    10.00 Buy 06/26/2018
  • Rui Dias
    8.00 Buy 05/09/2018
  • Hugo Liebaert
    8.00 Buy 02/28/2017