Enel : Controlled acceleration out to 2023
>Buy maintained and target price adjusted to € 9.60 vs € 8.6 - Following the publication of the 2020-2023 strategy plan, we maintain our Buy recommendation and target price of € 9.60 vs € 8.60 which is still based on the average between a DCF valuation (€ 8.92 with a WACC of 5.94% and growth to infinity of 1.20%, unchanged) and NAV per share (€ 10.30). The new version of the strategy plan out to 2023 does not significantly affect our EBITDA and only marginally impacts...Enel Societa Per Azioni is engaged in the generation and sale of electricity through its Generation, Energy Management and Sales Italy Division. Co. is also engaged in the distribution of electricity (Enel Distribuzione) and public and artistic lighting (Enel Sole) in Italy through its Infrastructure and Networks Division. Co.'s Iberia and Latin America Division coordinates Co.'s operations in the electricity and gas markets in Spain, Portugal and Latin America. Co.'s Engineering and Research Division manages the engineering processes related to the development and construction of power plants. Co.'s other divisions are the International Division as well as the Renewable Energy Division.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.