ENGIE : UBS lowers price target
' The consensus may be a little high. We are reducing forecasts and lowering the PT to 15.0 EUR, but maintaining our Buy rating in view of the unjustifiably low valuation' says UBS.
In mid-November, Engie raised its 2022 targets to 4.9 to 5.5 billion euros in recurring net income, group share (RNRpg), based on indicative EBITDA ranges of 13.2-14.2 billion and EBIT of 8.5-9.5 billion.
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