InvestorNews

Earnings as at 30 September 2018 show a stronger growth than that already achieved in the First-Half Report. Even though Q3 has a lower weight compared to other quarters on full-year earnings, due to the seasonality of the gas business, results released today clearly prove the effectiveness of Hera’s business model and its capability to execute the Business Plan.

Hera trades at a huge discount to the average target price of the brokers that cover the stock, which is 3.32 euro; a value that remained substantially unchanged compared to that of 28 July 2018, date of release of half-year results, when the consensus target price was 3.34 euro. The overwhelming majority of analysts rating consists of buying recommendations, with only one neutral rating and zero selling suggestion.