[ad_1]
The Eurobank Equities report, dated April 27, offers a purchase recommendation with a target price of 10.2 euros. For metallurgy, the report notes that despite challenges in the international market and industry, Mytilineos remains extremely competitive in terms of production costs, ensuring that the activity remains profitable even in the most conservative scenarios for the market.
The report notes that the activities of the energy sector are defensive in nature and ensure the production of stable finances, despite market challenges. Despite the decrease in demand, energy activities remain highly competitive compared to other market players, mainly due to cheap gas.
For photovoltaic projects, which are under development, the report goes on to say that they are not affected by the closure due to the corona, although it is estimated that over time there will be relative delays in starting new projects.
To assess participation, despite the higher volatility, the investment case remains intact due to competitive production costs in the metallurgical sector and favorable dynamics in the energy sector. Despite the reduction of the target price to 10.2 euros, the participation of Mytilineos according to the report is among the main options due mainly to the attractive current valuation.
