Equity Analyst

investors information

Equity Analyst

  • Analyst
    Price Target Recommendation Date
  • Axia
    8.00 Neutral 11/08/2017
  • 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 Target Recommendation Date
  • Maria Almaça
    8.00 Neutral 11/08/2017
  • Maria Almaça
    8.30 Buy 08/24/2016
  • Bank of America Merrill Lynch
    9.00 Buy 04/23/2018
  • 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 Target Recommendation Date
  • Pinaki Das
    9.00 Buy 04/23/2018
  • Pinaki Das
    7.70 Buy 03/01/2017
  • Pinaki Das
    8.00 Buy 05/03/2016
  • 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 04/17/2018
  • 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 Target Recommendation Date
  • Lawson Steele
    8.00 Hold 04/17/2018
  • Lawson Steele
    4.50 Sell 02/07/2017
  • Lawson Steele
    6.60 Hold 02/10/2016
  • BPI
    9.70 Buy 11/27/2018
  • 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 Target Recommendation Date
  • Gonzalo Sanchez-Bordoña
    9.70 Buy 11/27/2018
  • Gonzalo Sanchez-Bordoña
    9.15 Neutral 06/13/2018
  • Gonzalo Sanchez-Bordoña
    8.10 Neutral 02/01/2018
  • Bryan, Garnier & Co
    7.50 Neutral 05/23/2018
  • 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 Target Recommendation Date
  • Xavier Caroen
    7.50 Neutral 05/23/2018
  • Xavier Caroen
    6.90 Neutral 02/27/2018
  • Xavier Caroen
    6.30 Neutral 03/01/2017
  • Caixa BI
    7.10 Neutral 01/04/2018
  • 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 Target Recommendation Date
  • Helena Barbosa
    7.10 Neutral 01/04/2018
  • Helena Barbosa
    7.60 Buy 01/09/2017
  • Helena Barbosa
    7.70 Buy 07/26/2016
  • Citigroup
    7.90 Neutral 05/03/2018
  • 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 Target Recommendation Date
  • Akhil Bhattar
    7.90 Neutral 05/03/2018
  • Akhil Bhattar
    6.85 Neutral 10/31/2017
  • Akhil Bhattar
    6.85 Neutral 10/02/2017
  • Deutsche Bank
    8.30 Hold 06/22/2018
  • 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 Target Recommendation Date
  • Martin Brough
    8.30 Hold 06/22/2018
  • Virginia Sanz de Madrid
    8.20 Buy 02/28/2018
  • Virginia Sanz de Madrid
    8.00 Buy 12/06/2017
  • Exane BNP
    8.20 Neutral 11/08/2018
  • 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 Target Recommendation Date
  • Manuel Palomo
    8.20 Neutral 11/08/2018
  • Manuel Palomo
    8.10 Neutral 05/10/2018
  • Manuel Palomo
    8.00 Overweight 09/20/2017
  • Goldman Sachs
    9.20 Neutral 09/18/2018
  • 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 Target Recommendation Date
  • Manuel Losa
    9.20 Neutral 09/18/2018
  • Manuel Losa
    8.60 Neutral 07/26/2018
  • Manuel Losa
    8.30 Neutral 06/13/2018
  • N/A
    Suspended Suspended coverage 05/09/2018
  • 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 Target Recommendation Date
  • N/A
    Suspended Suspended coverage 05/09/2018
  • António Seladas
    7.45 Sell 05/09/2018
  • António Seladas
    7.45 Neutral 02/07/2018
  • Haitong
    8.00 Neutral 05/14/2018
  • 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 Target Recommendation Date
  • Jorge Guimarães
    8.00 Neutral 05/14/2018
  • Jorge Guimarães
    8.00 Buy 02/06/2018
  • Jorge Guimarães
    6.75 Neutral 07/24/2017
  • JB Capital
    8.00 Neutral 10/25/2017
  • 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 Target Recommendation Date
  • Maksym Mishyn
    8.00 Neutral 10/25/2017
  • José Martins Soares
    8.00 Neutral 07/06/2017
  • José Martins Soares
    8.00 Buy 05/04/2017
  • JP Morgan
    8.20 Overweight 05/14/2018
  • 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 Target Recommendation Date
  • Javier Garrido
    8.20 Overweight 05/14/2018
  • Javier Garrido
    7.80 Overweight 11/01/2017
  • Javier Garrido
    6.70 Overweight 12/20/2016
  • Kepler Cheuvreux
    8.40 Buy 11/08/2018
  • 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 Target Recommendation Date
  • Jose Porta
    8.40 Buy 11/08/2018
  • Jose Porta
    8.40 Buy 04/13/2018
  • Jose Porta
    7.80 Buy 01/02/2018
  • Macquarie
    7.90 Neutral 05/16/2018
  • 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 Target Recommendation Date
  • José Ruiz
    7.90 Neutral 05/16/2018
  • José Ruiz
    7.05 Neutral 03/28/2018
  • José Ruiz
    6.75 Neutral 07/06/2017
  • Mediobanca
    8.30 Neutral 05/03/2018
  • 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 Target Recommendation Date
  • Sara Piccinini
    8.30 Neutral 05/03/2018
  • Morgan Stanley
    8.00 Equal-weight 05/09/2018
  • 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 Target Recommendation Date
  • Carolina Dores
    8.00 Equal-weight 05/09/2018
  • Carolina Dores
    8.10 Equal-weight 01/29/2018
  • Carolina Dores
    8.10 Equal-weight 10/31/2017
  • 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
    8.20 Neutral 11/26/2018
  • 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 Target Recommendation Date
  • Fernando Garcia
    8.20 Neutral 11/26/2018
  • Santander
    10.09 Buy 11/01/2018
  • 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 Target Recommendation Date
  • Bosco Muguiro
    10.09 Buy 11/01/2018
  • Bosco Muguiro
    8.04 Hold 05/14/2018
  • Bosco Muguiro
    7.70 Buy 03/27/2017
  • Société Générale
    8.00 Hold 05/09/2018
  • 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 Target Recommendation Date
  • Jorge Alonso
    8.00 Hold 05/09/2018
  • Jorge Alonso
    7.50 Hold 02/28/2018
  • Jorge Alonso
    7.40 Hold 10/31/2017
  • 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