PPC’s share is characterized as a buying opportunity by Eurobank Equities in its report, where it notes that it maintains the title in its top selections, with a target price of 14.50 euros with a “purchase” recommendation.
The stock exchange notes that the recent weakness of the stock is unjustified, with the result that the title will be a buying opportunity for investors who want to gain exposure to the energy transition of the country.
He notes that PPC remains significantly undervalued, as it negotiates with a discount of about 20% against European utility companies.
Eurobank Equities believes that PPC is well on track to meet its EBITDA forecast of 800-900 million euros in 2021 and corresponding profitability this year, while stressing that the Company mitigates the effects of rising gas prices by increasing its hydroelectric production.
Source: Capital
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