Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Naturgy : A good H1 2024 lending weight to full-year trajectory ahead of expectations

>Neutral recommendation and target price of € 24.9 unchanged - Following the H1 2024 results publication, which topped our expectations and those of the consensus, we maintain our Neutral recommendation on the stock. The group clarified its 2024 trajectory and informed of a new strategic plan covering 2025-2030 which will be finalised by the end of the current year. We are integrating the 2024 guidance into our model, prompting an upward revision of 10.1% to our EPS e...
Underlying
Naturgy Energy Group S.A.

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).

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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