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investors information
Equity Analyst
Analyst
Price TargetRecommendationDate
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
8.00Hold01/18/2019
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 TargetRecommendationDate
Lawson Steele
8.00Hold01/18/2019
Lawson Steele
8.00Hold04/17/2018
Lawson Steele
4.50Sell02/07/2017
Bernstein
10.00Outperform06/04/2019
Analyst since
06/28/2019
Summary of the last report made by this analyst
Bernstein's TP of €10.00 reflects the "value of the existing portfolio, new capacity to be built until 2022 (of which 70% is already secured) and 20% of EDPR's pipeline".
History of the recommendations
Price TargetRecommendationDate
Meike Becker
10.00Outperform06/04/2019
Meike Becker
10.00Outperform05/09/2019
Meike Becker
10.00Outperform05/01/2019
BPI
11.55Buy06/03/2019
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 TargetRecommendationDate
Gonzalo Sanchez-Bordoña
11.55Buy06/03/2019
Gonzalo Sanchez-Bordoña
10.60Buy03/25/2019
Gonzalo Sanchez-Bordoña
9.60Buy02/21/2019
Caixa BI
8.35Neutral02/27/2019
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 TargetRecommendationDate
Helena Barbosa
8.35Neutral02/27/2019
Helena Barbosa
7.10Neutral01/04/2018
Helena Barbosa
7.60Buy01/09/2017
Exane BNP
9.90Outperform03/22/2019
Summary of the last report made by this analyst
The Outperform recommendation is maintained, but the broker increases the price target to €9.90 from €8.70 as EDPR is "favoured by global trends" and has a "proven development track record".
History of the recommendations
Price TargetRecommendationDate
Manuel Palomo
9.90Outperform03/22/2019
Manuel Palomo
8.70Outperform01/08/2019
Manuel Palomo
8.20Neutral11/08/2018
Fidentiis
8.20Hold12/06/2018
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 TargetRecommendationDate
Daniel Rodríguez
8.20Hold12/06/2018
Daniel Rodríguez
5.78Hold12/18/2014
Daniel Rodríguez
5.84Hold09/10/2014
Goldman Sachs
10.60Buy05/09/2019
Summary of the last report made by this analyst
Goldman Sachs increases the target price to €10.60 and improves the recommendation to Buy on the back of EDPR's "attractive portfolio and a solid track record on execution".
History of the recommendations
Price TargetRecommendationDate
Manuel Losa
10.60Buy05/09/2019
Manuel Losa
9.20Neutral09/18/2018
Manuel Losa
8.60Neutral07/26/2018
JB Capital
10.00Buy01/24/2019
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 TargetRecommendationDate
Maksym Mishyn
10.00Buy01/24/2019
José Martins Soares
8.00Neutral10/25/2017
José Martins Soares
8.00Neutral07/06/2017
JP Morgan
9.00Overweight03/15/2019
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 TargetRecommendationDate
Javier Garrido
9.00Overweight03/15/2019
Javier Garrido
8.20Overweight05/14/2018
Javier Garrido
7.80Overweight11/01/2017
Kepler Cheuvreux
10.30Buy06/03/2019
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 TargetRecommendationDate
Jose Porta
10.30Buy06/03/2019
Jose Porta
8.40Buy11/08/2018
Jose Porta
8.40Buy04/13/2018
Macquarie
9.16Neutral05/10/2019
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 TargetRecommendationDate
José Ruiz
9.16Neutral05/10/2019
José Ruiz
7.90Neutral01/07/2019
José Ruiz
7.90Neutral05/16/2018
Mediobanca
9.20Outperform03/13/2019
Summary of the last report made by this analyst
By recognizing higher value to the EDPR US assets, MedioBanca maintains recommendation of Outperfrom and increases the price target to €9.20.
History of the recommendations
Price TargetRecommendationDate
Sara Piccinini
9.20Outperform03/13/2019
Sara Piccinini
9.00Outperform02/01/2019
Sara Piccinini
8.30Neutral05/03/2018
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
9.75Outperform04/25/2019
Summary of the last report made by this analyst
RBC increases both price target and recommendation to €9.75 and Outperform, respectively. The main reasons for this upgrade are the "lower cost of capital, the inclusion of offshore and the end of the CTG bid".
History of the recommendations
Price TargetRecommendationDate
Fernando Garcia
9.75Outperform04/25/2019
Fernando Garcia
8.20Neutral11/26/2018
Santander
9.75Buy05/22/2019
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 TargetRecommendationDate
Bosco Muguiro
9.75Buy05/22/2019
Bosco Muguiro
10.09Buy11/09/2018
Bosco Muguiro
8.04Hold05/14/2018
Société Générale
10.00Buy04/17/2019
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 TargetRecommendationDate
Jorge Alonso
10.00Buy04/17/2019
Jorge Alonso
8.00Hold05/09/2018
Jorge Alonso
7.50Hold02/28/2018
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.
