Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDP : Le changement dans la continuité pour la trajectoire 2022

>Recommandation Achat et OC 4.10 € maintenus - A l’issue de la présentation stratégique 2019/2022 nous maintenons notre opinion Achat et notre objectif de cours à 4.1 €. Ce dernier est basé sur une approche spéculative fondée sur une moyenne entre les multiples historiques de milieu et de haut cycle, compte tenu du prix proposé par China Three Gorges (CTG), dans le cadre de son offre publique d’achat des actions EDP à 3.26 €, que nous considérons comme non représentat...
Underlying
EDP-Energias de Portugal SA

EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.

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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