Feb 13 • 04:00 UTC 🇬🇷 Greece Naftemporiki

Stock Market: The Benchmark for EYDAP at €10.2

Piraeus Securities initiates coverage of EYDAP, recommending an outperform status with a target price of €10.2, indicating a potential rise of 42%.

Piraeus Securities has begun coverage of EYDAP's stock, projecting a target price of €10.2, which represents a potential increase of 42% from its current price. This optimistic outlook is primarily attributed to the anticipated increase in water tariffs, along with EYDAP's investment program that is expected to bolster EBITDA. The firm also highlights the potential for EYDAP to distribute over €360 million in dividends and capital returns by 2034.

The positive assessment by Piraeus Securities is underpinned by a strong belief that the adjustments in pricing coupled with strategic investments will enhance EYDAP's profitability in the coming years. The investment program is expected to lead to significant operational improvements, positioning EYDAP favorably in the competitive water supply market. Furthermore, analysts believe that these financial maneuvers will make the company more attractive to investors looking for solid returns.

However, prospective investors are reminded that this analysis is based on journalistic research and should not be perceived as a recommendation to buy, sell, or hold any shares. As always, potential investors are encouraged to perform their due diligence before making any investment decisions.

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