The good everything of the banks in the Spanish equities marks the course of the Ibex 35 in this fourth stock market session of the day, in which the recommendations mark the best and the worst of the day and in which the Spanish selective is close to 11,900lost a month ago and which we have not recovered.
De facto the Ibex 35 marks the best session in Europe, supported by the weight of the financial sector, which is why it ends the day with increases of 0.86% to 11,899.30 points, with the gains of values such as Caixabank 3.76% , Bankinter 3.59% and Fluidra 3.06% and the cuts of companies such as Grifols A 3.29%, Laboratorios Rovi 2.87% and Acerinox 1.38%.
Among the news of the day, Caixabank continues to shine in the IBEX 35 with the support of Citi, which recommends buying CaixaBank shares in the market, with its sights also set on a substantial improvement in its target price. which goes to 7.8 euros per share from the previous 6.80 euros. That means an improvement of 43.65% above its closing price yesterday, which drives the value on the stock market.
All this while it is among the best in the selective so far this year after completing a more than positive 2024.
Another of them is the oil company Repsol, since today was the last day to get the company’s dividend. Repsol shareholders will receive a payment of 0.475 euros per share the next January 14composed of two dividends – one on account of 2024 and another charged to free reserves of 2024 – for amounts of 0.45 euros and 0.025 euros per share. This amount represents an increase of 18.7% with respect to the dividend of the previous year, which was 0.4 euros per share.
All this while another recommendation revives the value. UBS raised the rating on the oil company to “buy” from “neutral”, stating that it foresees a rebound in the shares of the Spanish oil and gas company thanks to the improved macroeconomic outlook for 2025. The broker raises its earnings per share forecasts for Repsol by 17% in 2025, placing it 8% above of the consensus. Its target price 13 euros per share.
The Swiss firm considers that “refining margins, the key driver of stocks, have rebounded and more refinery closures and project delays have been announced, leading to a healthier balance sheet for 2025.” He also hopes that oil prices remain the same and the price of gas in the United States increaseswhich is why he sees an upward risk in the average analyst estimate of profits and profitability for Repsol shareholders and a potential double-digit improvement for the value.
Iberdrola is also in the news with a target price that is placed at ‘same as the market’ by Bernstein analysts and they raise its PO to 14.50 from 14 euros per share and a potential of 5% above its current price levels. A value that the American firm’s experts consider can benefit from the opportunities presented by its geographical diversification.
And today was also the last day to access the purchase of its shares with the right to dividend. Iberdrola will finally distribute this January 0.231 euros per dividend on account of the results of 2024. The amount is 14.35% higher to the 0.202 euros per title distributed on account for 2023. The complementary dividend will also be added to this amount, once approved at the General Shareholders’ Meeting.
Meanwhile, strong support from HSBC analysts for Amadeus, whose recommendation they improve to ‘buy’, from the previous ‘hold’. This improvement is accompanied by an increase in the target price, which goes from 70 to 82 euros per share.
Deutsche Bank chooses to buy the shares of Acerinox and their target price is set at 15 euros with a potential of 53.7%.
And this despite the fact that they reduce their EBITDA figures for fiscal year 2024 between 1 and 8% for the period 2024-2026, pending the year-end figures. Although, yes, they highlight their leadership position in the US market.
And Alantra, which takes a position on BBVA’s Hostile Takeover of Banco Sabadell, indicating that BBVA should improve the exchange ratio for Banco Sabadell by 20%. Specifically, he highlights that, in his analysis of Banco Sabadell, the potential that Alantra shows for its actions reaches 32% to 2.55 euros per share.
And the main one will be the strength of its dividend. From Alantra they consider that, if the shareholder remuneration reaches 3,200 millionand even if it exceeds 3,000, compared to the 2.9 billion expected, the upward journey could take place. There the potential would rise to 46%.
Already in Europe, all indicators and sectors within the EURO STOXX 50 are rising, with health care and cyclical consumption values, with UBS, the pharmaceutical company Roche and the luxury company LVMH at the helmcompared to the cuts experienced by values such as Munich Re, Axa and Zurich, Today the insurers are clearly running for the downside.
In this way, at the close of the market, the EURO STOXX 50 gained 0.43% to 5,018 points, the CAC 40 appreciated 0.51% to 7,490 points, the Dax s remains at opening at 20,314 points, and the session in London ends for el FT 100 with gains of 0.81% to 8,318 points
Today remember that there is no operation on Wall Street because the state funeral of former President Jimmy Carter, who died at 100 years of age, is being celebrated. Tomorrow the markets will be very attentive to the Fed minutes that have sown doubts in the market, with the premise of the rise in inflation, in the face of a possible rebound and that only a rate drop will leave those expected by the Federal Reserve of the United States. United for this year, and waiting for the employment report to be published on Friday.
In fixed income, we remain very attentive to the rebound in the returns of assets with The 10-year Spanish bond increases its yield by 0.78% to 3.212% while, the German bund is placed at 2.5310% with increases of 028%. The risk premium rises a significant 2.6% to 68.60 basis points.
Meanwhile, in raw materials markets, European Brent futures rise 1.13% to $77.03, and The American West Texas is trading at $74.12 and gains 1.15%. And Gold, whose future is trading higher and gaining 0.6% up to $2,689 per ounce.
Bitcoin continues to cut positions and moves below $95,000 the asset with cuts of 0.61% for the third consecutive session down and a price of $94,188.
The Euro Dollar already sees how the single currency falls by 0.19% and moves at 1.0297 units, once again dangerously approaching its minimum of the last two years.