Endesa shares fell 0.81% at mid-morning to reach 20.78 euros on the IBEX 35 in a day in which UBS analysts have given them a vote of confidence, placing the target price above the current price.
UBS, specifically, has decided to raise Endesa’s target price to 21.40 euros per shareabove the previous 19.60 euros. Using yesterday’s closing (20.95 euros) as a reference, the new valuation represents a upside potential of 2.14%.
With two weeks to go until the end of the year, Endesa shares have accumulated a revaluation of 15.8% in 2024, a behavior that has allowed the market capitalization to rise to 22,000 million euros. The titles won some annual highs of 21.47 euros on December 5.
At the end of November, Endesa presented its new Strategic Plan for the period 2025-2027:
This plan foresees a global increase of 8% in investment, up to 9.6 billion euros, which represents a historical record for the company since in 2014 it began to operate in its current geographical perimeter (Iberian Peninsula). In addition, it announced to the market that in 2027 it estimates reaching an EBITDA of up to 5,900 million, a net ordinary result of up to 2,200 million and a net debt of between 10,000 and 11,000 million.
Regarding the dividend policy, the company extends the commitment of 70% pay-out (percentage of the ordinary net result destined to remunerate the shareholder) until 2027, guaranteeing a minimum of 1 euro per share and payment in cash.