Naturgy : 9M 22 ahead of expectations, EBITDA guidance specified
>Neutral rating and € 25.4 target price maintained - Following this 9M 2022 release which broadly beat our estimates and those of the consensus, we have adjusted our 2022 estimates by +5.7% to take account of the EBITDA guidance of € 4.8bn. We note that since the start of 2022, the group's quarterly communication has remained limited, with a press release and a presentation with no conference call or webcast! We are maintaining our Neutral rating on the stock and our...Gas Natural SDG is a gas company based in Spain. Co. and its subsidiaries are primarily engaged in the supply, transportation, distribution and commercialization of piped natural gas, as well as the activities involving exploration and developing, supply, regasification, liquefaction and storage of natural gas, and the generation and commercialization of electricity. Co. operates mainly in Spain and also outside of Spain, especially in Latin America, Puerto Rico, Italy, France and Africa (through Maghreb-Europe gas pipeline and integrated LNG projects in Algeria).
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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