GENTER: A vote of confidence from Eurobank Equities with an increase in the target price to EUR 52

From creation to value harvest - Stock market sees a margin of up to 13.8% and retains the stock as a top pick - The "key" of cash flows, the depilation and doubling of the dividend by 2030

In the new report entitled ‘Take the high road to long-term value’ (Taking the High Road to Long-Term Value), Eurobank Equities significantly increases the target price for GEK TERNA to 52 euros, from 34.8 euros previously, maintaining the establishment of a buy and highlighting it as a top pick with expected overall yield of 13.8%.

GEK TERNA remains one of Eurobank Equities' main options from the Greek stock market, despite the impressive rally of the stock from the beginning of the year. The stock market estimates that the group has entered a higher profit and cash flow visibility phase. The new target price leaves a margin of 12.9% from the closing on 17 June to €46.06, while together with the dividend yield of 0.9%, the total expected yield reaches 13.8%.

The key investment account, according to Eurobank Equities, is no longer only the acquisition and maturation of large infrastructure, but the gradual conversion of these assets into profits, distributions and stronger financial flexibility. With Attica Road and Egnatia Road now in the portfolio, GEK TERNA has passed to a different point in the cycle. Since the large investment phase it has gradually gone into the phase of value collection from concessions.