Recommendations

Stock recommendations are advice provided by analysts of brokerage houses or other financial institutions to support investors in making informed decisions on capital market investments. The recommendations are given for listed companies and include, besides share valuations, an investment rating (which can be positive, neutral, or negative). Recommendations are usually published in the form of research reports.

PGNiG is not responsible for the investment decisions based on these forecasts. Updated on December, 10th 2018.
 

RECOMMENDATIONS
Number of recommendations 14
Number of positive recommendations (buy, accumulate etc.) 7
Number of neutral recommendations (hold, neutral etc.) 6
Number of negative recommendations (sell, underweight etc.) 1

 

TARGET PRICE
average 6.58 PLN
median 6.57 PLN

 

CURRENT ANALYSTS REPORTS
Brokerage House Date of report Recommendation Target price
DM BOŚ 10.12.2018 buy 7.80 PLN
Erste Group 06.12.2018 hold 6.80 PLN
DM Trigon 30.11.2018 hold 7.00 PLN
Raiffeisen Centrobank 21.11.2018 buy 7.50 PLN
mBank Dom Maklerski 05.11.2018 buy 7.72 PLN
Pekao Investment Banking 21.09.2018 buy 7.40 PLN
DM BZ WBK 22.08.2018 buy 6.58 PLN
Wood & Company 04.07.2018 buy 6.54 PLN
DM PKO BP 14.06.2018 hold 6.45 PLN
BDM 12.03.2018 buy 6.55 PLN
CITI 06.12.2017 hold 6.20 PLN
Deutsche Bank (from July, 20th 2017 analyst coverage has been suspended) 08.06.2017 hold 6.30 PLN
Patria 22.03.2017 sell 4.05 PLN
Societe Generale 08.03.2017 hold 5.24 PLN

 

Analysts expectations

Below forecasts were prepared on the basis of recommendations of brokerages.

Forecasts of Brokerage Houses (PLNm):

Sales revenue forecast 2018 2019 2020
average 39,392 42,111 44,202

 

EBITDA forecast 2018 2019 2020
average 7,452 7,879 8,282
 
EBIT forecast 2018 2019 2020
average 4,767 5,013 5,293

 

Net income forecast 2018 2019 2020
average 3,461 3,667 3,739

 

 Updated on December 10th 2018.