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 September, 24th 2018.
 

RECOMMENDATIONS
Number of recommendations 19
Number of positive recommendations (buy, accumulate etc.) 10
Number of neutral recommendations (hold, neutral etc.) 5
Number of negative recommendations (sell, underweight etc.) 4

 

TARGET PRICE
average 6.16 PLN
median 6.30 PLN

 

CURRENT ANALYSTS REPORTS
Brokerage House Date of report Recommendation Target price
DM BOŚ 24.09.2018 buy 8.00 PLN
Pekao Investment Banking 21.09.2018 buy 7.40 PLN
mBank Dom Maklerski 11.09.2018 buy 7.86 PLN
Erste Group 05.09.2018 hold 6.02 PLN
DM Trigon 30.08.2018 buy 6.80 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
Raiffeisen Centrobank 09.05.2018 buy 7.00 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
Vestor DM 20.07.2016 sell 5.10 PLN
ING Securities 16.05.2016 buy 6.10 PLN
IPOPEMA 08.02.2016 buy 5.80 PLN
Haitong 25.01.2016 sell 4.14 PLN
Bank of America Merrill Lynch 20.11.2015 sell 5.00 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 37,955 40,101 42,478

 

EBITDA forecast 2018 2019 2020
average 7,212 7,644 7,955
 
EBIT forecast 2018 2019 2020
average 4,556 4,806 5,190

 

Net income forecast 2018 2019 2020
average 3,288 3,583 3,614

 

 Updated on September, 24th 2018.