ENGIE : Confidence in the 2019 guidance. Buy recommendation and target price of € 15.0 confirmed
>Confidence confirmed in the 2019 guidance - Following its Q1 earnings release, Engie reiterated its 2019 guidance (see details on page 2). The group’s guidance is based on the following assumptions: a normalisation of weather conditions (+18.2 TWh in the networks & supply divisions in Q2-Q4) and an improvement in nuclear availability in Q2-Q4 (+11 TWh vs last year). It is also based on expectations of a marked improvement in several businesses in H2 compared to ...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.
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.
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