The weighted average target price is €21.9 (+47.3% more so far this year). The market’s average weighted price is €20.7 (it increases by 32.4% in 2014). Therefore, the average weighted discount between the price and the price target is 5.9%.
The ratio of the average weighted Price/Profit is 17.55 times profits (it drops by 4.7% vs 2013). The inverse of this ratio provides a profit yield of 5.7% (which represents +4.95% increase vs 2013).
The average recommendation is 2.66 points, i.e. more prone to sell than the previous month but more prone to buy than in 2013. Between 1 and 2 is a “clear purchase”, whereas between 3.5 and 5 is “clear sale.”
Currently, there are 17 companies between 1 and 2 points, while there were 9 at the end of 2013. These companies are: IAG, Dia, Almirall, Viscofan, Zeltia, Deoleo, Acerinox, Técnicas Reunidas, Ferrovial, Sacyr, Telefónica, Gas Natural, Enagas, Solaria, Banco Bilbao Vizcaya, Mapfre y Grupo Catalana Occidente.
On the other hand, there are 12 companies between 3.5 and 5 points, whereas at the end of 2013 there were 26. They are: Prisa, Faes, Zardoya, Abengoa, Vidrala, Elecnor, Cementos Portland, Uralita, Abertis, Acciona, Inmobiliaria Colonial y FCC.