total return on stock
compared to original
listing in 2003
million euro
added value distributed
to local stakeholders

Complete transparency with the shareholders and the financial market on the creation of value

Hera provides the market with significant economic-financial information promptly facilitating the correct assessment of the same and the transfer of the value generated by operations to the listed shares.

In order to ensure the shareholders transparent disclosure, all the press releases which may influence the price of the stock are disclosed in real time. The communication is tailored and forwarded via various channels to all the categories of investors (institutional, SRI, private and retail, public institutions) and ensures accessibility to the main information both of an economic-financial and social and environmental nature.

Hera continues to make the greatest commitment so as to ensure a plurality of professional and independent appraisals on the company’s value. At year end, a net predominance of brokers (seven out of eight) had a favourable opinion on Hera stock, while sales recommendations were absent. Supported by the economic results presented quarterly by the Group, the analysts expressed upwards assessments during the year, with the average target price which rose from Euro 3.14 to Euro 3.28 at the end of the period.

Appraisal and target price of the analysts which follow Hera stock
Company 2017
Banca Akros Buy 3.30
Banca IMI Buy 3.60
Equita Sim Buy 3.20
Fidentiis Equities Buy 3.30
Intermonte Outperform 3.20
Kepler Cheuvreux Buy 3.40
MainFirst Neutral 3.05
Mediobanca Outperform 3.20
Average target price   3.28