Eurobank raises the target price for the OPAP share to 15.9 euros from 14.7, while maintaining the “buy” recommendation, since it expects a total return of over 30%.
The report of Eurobank estimates that the margins of rising of the securities from the current levels amount to 18.7%, while the dividend yield is estimated at 12.2%.
At the same time, he points out the hidden value of the share in relation to the renewal of the contracts, which he estimates at 4 euros, emphasizing that only 37% of the value of the renewals / terminals in the OPAP contracts is included in the share price.
Finally, Eurobank Equities revises upwards the forecasts for the results of OPAP in 2022 and by 1-2% for the next years, noting that OPAP remains in its top choices.
Source: Capital
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