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Article: Equita keeps "buy", EUR 2.01 target on Hera.
- Article from:
- ADP News Italy
- Article date:
- September 28, 2009
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(ADPnews) - Sep 28, 2009 - Equita analysts confirmed their "buy" rating on the stock of Italian regional utility Hera SpA (BIT:HER) with a share price target at EUR 2.01.
Equita put the stock in its "small cap portfolio". The broker considers that the 2009 dividend is visible.
Moreover, an economic recovery should favour the utility's waste division, Herambiente, which makes 37% of the group's earnings before interest, tax, depreciation and amortisation (EBITDA), mainly the special waste which is suffering in 2009. Herambiente is seen to benefit from the investment opportunities in biogas and biomass plants which are expected to grow strongly in the next ...