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investors information
Equity Analyst
Analyst
Price TargetRecommendationDate
Bank of America Merrill Lynch
11.60Buy09/04/2019
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 TargetRecommendationDate
Mikel Zabala
11.60Buy09/04/2019
Pinaki Das
9.00Buy04/23/2018
Pinaki Das
7.70Buy03/01/2017
Barclays
10.00Equal-weight09/30/2019
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 TargetRecommendationDate
Jose Ruiz
10.00Equal-weight09/30/2019
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
11.00Outperform09/04/2019
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 TargetRecommendationDate
Meike Becker
11.00Outperform09/04/2019
Meike Becker
10.00Outperform06/04/2019
Meike Becker
10.00Outperform05/09/2019
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
10.90Outperform07/24/2019
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 TargetRecommendationDate
Manuel Palomo
10.90Outperform07/24/2019
Manuel Palomo
9.90Outperform03/22/2019
Manuel Palomo
8.70Outperform01/08/2019
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
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
11.00Outperform09/06/2019
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 TargetRecommendationDate
Sara Piccinini
11.00Outperform09/06/2019
Sara Piccinini
9.20Outperform03/13/2019
Sara Piccinini
9.00Outperform02/01/2019
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
11.00Outperform10/07/2019
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 TargetRecommendationDate
Fernando Garcia
11.00Outperform10/07/2019
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.
