(CercleFinance.com) – Jefferies confirms its advice to buy RWE with a price target of 50 E.
The analyst raises its FY2022 EBITDA forecast by 4%, with FY2022 EBITDA and EPS +5% and +1% higher than consensus.
‘ EBITDA of €6.4 billion for FY2023 implies organic growth of +4% year-on-year (excluding CEB), in line with consensus, leading us to believe that market expectations are well justified,” says Jefferies.
‘Despite a 20% rally over 2022, RWE is trading at 13x FY23 EPS JEFe against a historic P/E of 17.6x for the year, suggesting further upside potential’ adds the office of analyses.
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