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
    11.35 Neutral 11/25/2019
  • Summary of the last report made ​​by this analyst

    BPI updated its model on the back of capacity awarded and capital gains expectations. It downgrades EDPR to Neutral based on the positive performance of the stock, with limited fundamental upside according to the broker.

  • History of the recommendations
    Price Target Recommendation Date
  • Gonzalo Sanchez-Bordoña
    11.35 Neutral 11/25/2019
  • Gonzalo Sanchez-Bordoña
    11.55 Buy 06/03/2019
  • Gonzalo Sanchez-Bordoña
    10.60 Buy 03/25/2019
  • 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