ENGIE : Oddo BHF raises its price target
In an environment characterized by greater instability, the group benefits from a diversified business base that is well adapted to the volatility of its markets", the analyst judges the day after its quarterly publication.
"The solid financial situation enables us to pursue the developments necessary to achieve our energy transition objectives, while new market opportunities are emerging on the horizon", he continues.
Oddo BHF also believes that Engie is unfairly discounted to its main peers by around 20% in terms of PE 2026, and that the attractive and sustainable yield profile is not sufficiently recognized by investors.
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