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    NTGY   ES0116870314

NATURGY ENERGY GROUP, S.A.

(NTGY)
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Delayed Bolsas y Mercados Espanoles  -  11:38 2022-08-09 am EDT
28.05 EUR   +2.00%
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European shares extend gains but recession risks hover

06/21/2022 | 05:07am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)

* Sales of luxury goods set to rise at least 5% this year - Bain

* Germany risks recession as Russian gas crisis deepens

* EasyJet slides as Spain cabin crew to go on strike

* Spain's IBEX index slips as power utilities weigh

June 21 (Reuters) - European equities rose for a third straight session on Tuesday, lifted by chemical and resource-linked sectors, as last week's brutal selloff on recession fears attracted bargain hunters.

The pan-European STOXX 600 index advanced 0.4%, after hitting a more than one-year low last week.

Miners gained 1.3% after touching December 2021 lows in the previous session, while oil and gas stocks rose 1.1% as crude prices climbed on tight supply.

Boosting chemical stocks, French industrial gas company Air Liquide rose 3.1% after striking its largest power purchase deal with Swedish utility Vattenfall.

Among other top boosts were luxury stocks following a bullish report from Bain. The consultancy said sales of luxury goods were set to rise at least 5% this year as shoppers in the United States and Europe continued to snap up high-end watches, jewellery and shoes.

Still, growth worries lingered after an industry body warned that Germany - the region's economic powerhouse - faces certain recession if already faltering Russian gas supplies stop completely. Italy said it would consider offering financial backing to help companies refill gas storage to avoid a deeper crisis in winter.

"With economic headwinds in the Eurozone continuing to grow, we advise investors to focus on the defensive parts of the equity market, such as healthcare, along with value sectors," UBS said in a client note.

The European benchmark shed 4.6% last week, its worst weekly performance since early March, after interest rate hikes in the United States, Switzerland and Britain fuelled fears that aggressive tightening by major central banks would spark a recession.

The European Central Bank has reaffirmed plans to raise the ECB's interest rates twice this summer.

"When we think of the weak equity sentiment in response to hawkish central banks and weaker growth picture, not a lot has changed from last week," said Karim Chedid, head of investment strategy for iShares EMEA at BlackRock.

"I do question how long this reprieve can last."

Focus will be on Federal Reserve Chairman Jerome Powell's testimony before the Senate and the House, as well as European business activity and UK inflation data later this week.

British airline easyJet slumped 6.3% as its Spain-based cabin crew plan to go on strike for nine days to demand higher pay.

Spanish power utilities Iberdrola, Endesa and Naturgy fell about 3% each on news the country's government was readying a new tax on electricity utilities' profits. The broader IBEX index underperformed, down 0.6%. (Reporting by Sruthi Shankar and Susan Mathew in Bengaluru; Editing by Subhranshu Sahu, Anil D'Silva and Sriraj Kalluvila)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIR LIQUIDE -0.49% 133.88 Real-time Quote.-3.70%
BLACKROCK, INC. 0.03% 696.51 Delayed Quote.-23.93%
EASYJET PLC -2.25% 396.1 Delayed Quote.-28.76%
ENDESA, S.A. 0.83% 18.235 Delayed Quote.-9.73%
IBERDROLA, S.A. 0.99% 10.735 Delayed Quote.3.12%
IBEX 35 0.48% 8311.9 Delayed Quote.-5.06%
LONDON BRENT OIL -0.13% 96.25 Delayed Quote.20.61%
NATURGY ENERGY GROUP, S.A. 2.00% 28.05 Delayed Quote.-2.03%
STOXX EUROPE 600(EUR)(TR) -0.67% 1001.77 Delayed Quote.-8.21%
WTI -0.25% 90.389 Delayed Quote.16.88%
All news about NATURGY ENERGY GROUP, S.A.
08/05Naturgy's Chilean Subsidiary Metrogas Received First Instance Sentence on TGN Lawsuits
DJ
08/05BOLETÍN MATINAL : 5 de agosto de 2022
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08/05EMEA MORNING BRIEFING : Stocks to Edge Higher as Focus Turns to U.S. Jobs Report
DJ
07/27THOMAS GOTTSTEIN : Upbeat U.S. Tech Earnings to Lift European Stocks as Fed Awaited
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07/15Correction to Naturgy Headline and Article
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07/15Naturgy To Invest EUR1.5 Million in Biomethane Plant in Spain
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07/12Spanish Banking Stocks Tumble on New Taxes
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06/29Naturgy to Meet With Rating Agencies on Split Plans, Cinco Dias Reports
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06/21European shares extend gains but recession risks hover
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06/09Spain vows to defend its interests after Algeria halts all non-gas trade
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Financials
Sales 2022 21 484 M 21 974 M 21 974 M
Net income 2022 1 272 M 1 301 M 1 301 M
Net Debt 2022 13 790 M 14 105 M 14 105 M
P/E ratio 2022 21,1x
Yield 2022 4,31%
Capitalization 26 951 M 27 565 M 27 565 M
EV / Sales 2022 1,90x
EV / Sales 2023 1,96x
Nbr of Employees 7 249
Free-Float 34,2%
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Technical analysis trends NATURGY ENERGY GROUP, S.A.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus UNDERPERFORM
Number of Analysts 16
Last Close Price 28,05 €
Average target price 22,59 €
Spread / Average Target -19,5%
EPS Revisions
Managers and Directors
Francisco Miguel Reynés Massanet Chairman & Chief Executive Officer
Carlos Ayuso Salinas Director-Internal Audit, Compliance & Control
Ramón Adell Ramón Independent Director
Francisco Belil Creixell Independent Director
Helena Herrero Starkie Independent Director
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