BofA Ignitis grups shares recommended for sale

09/22/2021 Business



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Bobby Yip (Reuters / Scanpix) nuotr.

Bank of America Merrill Lynch (BofA), one of the financial institutions that monitors Ignitis Group’s stock, adjusted its value and changed its recommendation to sell. The value of the shares periri and other analysts.

The target price for BofA analysts’ shares is € 22.

value company updated on September 21. A week later, Bank Ignitis Group recommended the purchase of shares and the target price reached 25 euros.

Swedbank did not change the recommendations, abandoned Buy, but changed the price target from the previous 28 EUR to 24 EUR.

The essential equity analysts peri msi and est stocks at Enlight Research believe that the potential impact on the share price is necessary. So far, it is true, they refrain from reassessing.

The negative trajectory calculated by us for the share value (book value) is 3.6 EUR per share. We calculate this on the assumption that half of the negative impact due to the lower regulated asset base and the LRAIC adjustment will be offset through the new silo fee component, analysts say.

The bank’s value changes after energy regulator VERT published a query on two methodological documents, according to which the graph of the Group’s network segment is calculated.

The network segment represented 65% of the company’s operating profit in the first half of the year, that is, the adjusted profit before salaries, taxes, depreciation and amortization (EBITDA).

The company estimates that VERT’s proposed change, if implemented, would lead to a decrease in the value of ESO’s regulated assets (RAB) by LTL 350.4 billion. Amount in euros; o ESO 20222026 The level of income from regulated activities (that is, the income that ESOs can collect from the user) would be around 160 million. Eur maesns.

Some analysts believe that these are conservative estimates.

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