Sunday, June 4, 2023

New possibilities in Ibex 35 prices: Here are the recommendations

In the case of Telefónica Bankinter, it is rated neutral with a target price of 4.2 euros as it believes that free cash flow generation is moderated in a more difficult environment, although it highlights the security’s high dividend yield, which reaches 7. , 4%. From Renta 4 they advocate overweighting their shares, while their PO is 4.6 Euro per share.

And for Goldman Sachs, it maintains its buy rating on the telecom company and leaves its target price at 5 euros per share, following results that its analyst Yemi Falana considers better than expected in markets such as Spain.

For Caixabank, they choose to add or buy from Alphavalue with a TP of 4.46 euros per share, while for D eusche Bank they raise their target price to 4.40 euros per share from the previous 4.35, while Morgan Stanley places it among his favorite institutions within the European framework.

CaixaBank annual cost of security

Already from Credit Suisse they are looking at raising their target price for the shares of the bank headed by Jose Ignacio Goirigolzarri to 4.40 euros per share from the previous 4.3 euros.

In the case of Fluidra, which is experiencing a rebound quite a few days after the results, Berenberg is the last to pronounce on a price, raising his target price slightly to 20.50 euros per share from the previous 20.

From Bankinter, however, it remains well below that level, even with negative potential on value, with a TP of 15.3 euros per share and a neutral rating on shares and wellness and swimming pool companies. , given that the prior quarter’s results, though positive, are only the first steps the company should take in the second quarter of the year to confirm that.


If we look at IAG, we find Liberum supporting its apparent commitment to value, with buy recommendations and raising its target price from the previous 240 to 350 pence, a change of around 4,029 euros per share. But, which one it is paired with. potential that doubles its current price by 117%.

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Iag annual stock price

IAG Annual Price Quote

He says that improving fuel costs and resilient demand will boost near-term estimates of value. “The strong earnings outlook quickly translates into organic deleveraging. We believe IAG’s ratings do not reflect its strategic position.” Furthermore, since Renta 4, far from this correction, they give more weight to the value with a TP of 1.90 euros per share.

In Repsol, analysts from Banco Sabadell continued to buy its shares in the market and, following the purchase of CHC, 50.01% of the largest independent light retailer in Spain, in its largest operation of this type since 2018, when Viesgo acquired, while its target price remains at EUR 18.02 per share.

Repsol annual stock price

Repsol annual stock price

It has nothing to do with the vision you present of Berenberg’s value. The German analysis firm lowers its PO from the previous 16.5 to 15 euros per share, while from the American Bernstein they keep their target price, also with a downward revision from the previous 19, to the title at 18 euros, which is a potential upside. The upward run for shares of the energy company of 12.5%.

Morgan Stanley looks at Acerinox to signal an improvement in its PO for value to EUR 12.8 per share from the previous 10.80, with a change in its rating from neutral to buy for value. Meanwhile, from Barclays, they improve their view of value with a PO of 11.50 EUR, up from the previous 11.

And in the case of Inditex, they from JP Morgan are overweight on value with a PO of $34 per share, while they from the US firm signal that it is likely to continue with its strong business momentum in the current quarter. Is.

Nation World News Desk
Nation World News Desk
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