(Finance) – Discreet sitting for Triadwhich trades on the Stock Exchange with an increase of 1.06% to 7.444 euros, after which RBC- Royal Bank of Canada has increased the Target Price of 70 cents, bringing it from 6.8 to 7.5 euros per share and improving recommendation a Sector Perform.
The broker points out that the judgment is due to the fact that Terna is the company that boasts the highest prospective growth among all European utilities, around 8%and includes the positive impact of the returns expected in 2024.
RBC also provides a can upward revision of the investments envisaged in the 2021-2025 Strategic Plan of Terna, which has a value of 10 billion euros, but will have to adapt to the greater investments required by the energy transition.
The trend ofRoman utility in the week, compared to FTSEMIBnotes a lower relative strength of the stock, which could fall prey to sellers ready to take advantage of potential weaknesses.
The short-term implications of Triad underline the evolution of the positive phase at the test of the 7.535 Euro resistance area. A descent to the bottom 7.345 is possible. A strengthening of the curve is expected on the test of new 7.725 targets.