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Plt Energia, Cfo Sim confirms the buy and raises the target price to 4.8 euros

MILAN (AIMnews.it) - Cfo Sim confirmed the buy recommendation on Plt Energia and raised the target price from 3.5 to 4.8 euro per share. The upside compared to current prices is around 90%. The acquisition of plants for 81 MW of wind energy production capacity and 1 MW of photovoltaic plants was the basis for re-rating. This allowed Plt to increase its installed capacity to 216 MW. with an investment of 80 million. The maneuvre was appreciated by analysts who judge assets acquired with high profitability (18 million in revenues and ebitda margin of 81%). In the estimates, the company should thus close 2017 with 86.8 million euros of revenues, 34.7 of ebitda and 6.8 of net profit, while for 2018 the forecasts are of 55.5 million of turnover, 41, 2 of ebitda and 7.3 of net profit. The stock thus deals with 8.2 times the expected profits for the current year, 2 times the cash flow and 6.8 times the Ev / ebitda 2018.

25/01/2018