In the last month, Aena has lived moments of volatility that combine the good behavior of the traffic of the summer months, a new investment plan in Spanish airports that rises to 13,000 million and the rise in rates by 2026. These movements have made the analysis houses see the value differently.
Hoy, BNP PARIBAS EXANE has raised the target price on Aen going from 23.10 euros to 24.10 euros per sharewhich is a potential of 6.02% at current contribution prices. However, the firm retains its recommendation «keep«. In a conservative plane there are signatures such as Mediobanca, Morgan Stanley o Jefferies giving the value the recommendation to maintain.
Aligned with this recommendation, it is The average of the house of analysts collected by Reuters that give the value a recommendation of «keep«With a objective price of 24.53 euros per share, That is, a 7.49% potential at current contribution prices.
With a more optimistic scenario there are houses like Alantra y omddo bhf that maintain recommendation of «buy«With objective prices that place a relevant potential (28,30 and 28.90 euros, respectively). Bernstein also is among the most optimistic with a recommendation of “comprar / outperform” and a Objective price close to 27 euros. which represents a potential greater than 18%.
On the other hand, with a recommendation of «Infraponder/Sell» Entities such as JP Morgan, Deutsche Bank Y Goldman Sachs. In the case of JP Morgan cut his target price up to approximately 21 eurospointing out a downward risk close to 8% from previous levels. The firm justifies its recommendation for the standardization of air traffic and the operational costs that are pressing the margins, in addition to the context marked by uncertainty and inflation.
In these ten months that we have been from the year, the Action has shown a rise of 12.64%, from 20.18 euros recorded at the beginning of the year to 22.73 euros. The maximum level reached on August 19 when the value rose to 25.82 euros.
AENA has recently initiated the process of licitación to develop the First hotels in Barajas and the Prat (4 -star hotels, minimum 300 rooms, long -term surface rights), an initiative included in airport cities that seeks to capture greater commercial value on real estate assets adjacent to airports.
In addition, the company has presented Greater investment plans for the 2027-2031 period that have reopened the debate on airport rates, regulation and financing of these works, a backdrop that several banks indicate as a regulatory risk source but also of long -term generation generation.