Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Engie : Clear skies

>Outperform rating maintained and target price raised to € 20.5 vs € 20.0 - In an environment characterised by greater instability, Engie is benefiting from its diversified operating base which is well suited to the volatility of its markets. Thanks to its solid financial situation, it can continue the developments necessary to achieve the energy transition targets while new market opportunities are emerging. We think that Engie is trading at an unjustified discount t...
Underlying
ENGIE SA.

Engie is an industrial group, based in France, active in the fields of gas, electricity, energy services and the environment. Co. is an energy provider across the entire energy chain, in electricity and in natural gas, including: purchase, production and commercialization of natural gas and electricity; transport, distribution, management and development of major natural gas infrastructures; design and commercialization of energy services and environment-related services. Co.'s activities are conducted through five segments: Energy Europe, Energy International, Global Gas and LNG, Infrastructures, and Energy Services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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