Berenberg amplía el recorrido en Bolsa de Repsol hasta cerca del 30%
La petrolera, que sube más del 83% en el parqué este año, puede escalar aún un 28%, hasta los 37,50 euros, según la firma alemana que ha mejorado su valoración desde los 31 euros y aconseja comprar acciones por varios motivos. Leer
Berenberg has expanded its bullish coverage on Repsol stock to nearly 30%. The German firm upgraded its price target from 31 euros to 37.50 euros and recommended buying Repsol shares for several reasons. Repsol has surged more than 83% since January and is having its best year yet on the stock market. The positive market environment is working in Repsol's favor.
Repsol's share price has doubled over the past 12 months, driven primarily by strong refining margins, especially with diesel prices significantly higher. Despite this, the analysts expect refining margins to remain healthy during the second half of the year, supported by reduced product flows due to the conflict in Iran and lower refinery availability in Russia.
They adjusted their assumptions for refining margins and raw material prices, which substantially increased their short-term operational cash flow estimates and supports the buy recommendation.
The analysts believe Repsol still has growth potential and raised their price target to 37.50 euros from 31 euros. They maintain their buy recommendation, with the buyback confirmation expected in October.
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