Aggiornato al 12 novembre 2018
|Società||Analista||data ultime note/ricerca||Raccomandazione||Commento*|
||'"...The stock trading with a 2019E PE of 13x and a yield of 5.1% is cheap, and underperformed the sector YTD (abs. perf. -16% Vs -7% for the sector)..."
||'"...We expect that further upside to investments would derive from the business plan update scheduled in April 2019. Despite Acea is almost fully exposed to regulated businesses its multiples trade at large discount versus Italian fully regulated utilities....."
||'".....this agreemen strengthen the cooperation between Acea and the Region for the improvement of the water service and eventually to bring the company (Gori) under the full consolidation of Acea."....."
||'"....We appreciate its safe profile (75% EBITDA is regulated, made up of water and electricity distribution) and its generous dividend policy, and we confirm our EUR15.5 TP and Buy rating..."
'"....Following its weak YTD performance we no longer consider the stock expensive, as it is trading at 5.8x 2019 EV/EBITDA, broadly in line with itsclosest peers..."
|Banca Akros||Emanuele Oggioni
||'".... The growth is mainly driven by regulated businesses (water and electricity distribution, due to RAB increase) which stand at 75% of the total EBITDA...."
||Hold||'"Another sound set of results, guidance slightly up"
|Banca IMI Gruppo Intesa San Paolo
||Sospensione della copertura