(News Bulletin 247) – Stifel maintains its Hold opinion on the E.ON share and its price target at 9.80E.
The analyst highlights the good results for 2022 and the solid orientation for 2023-27. “The payment plans for the EU and UK government support programs remained intact and the Group was able to cope with higher energy supply costs. ‘
And Stifel to specify: ‘The new 5-year investment plan is up 22% to 33 MdE, mainly driven by the Networks. The Group ROCE guidance of 7-8% is unchanged, however EBITDA/Capex for Networks implies 4.2% over 2023-2027 vs 5% in the last 5-year plan and in Client Solutions, 13.3% vs. 11.2%. ‘
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