Spanish securities with strong buy recommendations to “replenish” the portfolio
The revaluation achieved by many companies on the Spanish stock market is not the limit for the analysts who monitor their behavior on the stock market and provide strong purchase recommendations for many of them. This means that experts believe that This is the optimal time to place these firms’ securities in your portfolio.because its evolution will bring joy to the investor. In the Ibex 35 index, 15 securities currently have the best recommendation, that is, almost half of the index. In the case of the Continuous Market, which brings together the four Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia), up to 60 companies offer purchase advice.
Among the firms that experts say are operating now, there are some that have higher credibility than others and that have greater consensus support in this regard. These criteria are taken into account when League of Capricornscombination elEconomista.es which is prepared using the average values of the recommendations Bloomberg and a set of facts. Logista, Sacyr, Merlin, IAG and Cellnex are the ones that occupy the top five positions in this ranking. (see top ten on the chart).
The logistics company has been ranked first in the rankings conducted by this publication for several weeks. In addition to being the best recommendation in the main Spanish index, the company has the best recommendations among its main peers, including Germany’s Deutsche Post (DHL) and the US’ United Parcel Service (UPS).
Sakir, who is also fighting for the first position in League of Capricorns at Logista for several months, also offering a potential increase of 25% in the coming months. Barclays points to the attractive entry point they currently see in the infrastructure company and states: “We see significant growth potential in investments funded through organic cash generation and asset rotation, an option that remains undervalued despite a solid track record Sacyr list,” they point out. .
Merlin Properties completes the podium with the best recommendation out of 35 Ibex companies. The company’s shares are up about 17% on the stock market, and its shares are up 8.5% from current levels. JP Morgan was one of the companies to raise Merlin’s valuation following a capital raise this summer. “We believe this will be a catalyst for significant benefits for Merlin as profits will be used to expand its data center business,” defends the US firm, which believes the operation could generate approximately €351 million in gross revenue. finally built, “equivalent to two-thirds of the company’s current rent,” they conclude.
Assessing the consensus collected in FactSet and Bloomberg The company also shows good prospects for IAG, which this month received its best advice for 2021. From JP Morgan, one of the research banks that advises taking a position in the company, they justify this recommendation by saying that IAG “offers greater quality and generates more cash than others in the sector and is one of the companies with the best risk profile and earnings to support fiscal 2024 consensus increases,” they explain.
La torrera, following the best advice, has a potential of over 20% in the stock market. The lower rate environment that the market is already immersed in is one of the levers for Cellnex due to its high debt. Additionally, the market is already expecting the company to pay a dividend yield of over 2% by 2026.
Best in Continuous Market
Extending the range to the rest of the Spanish stock market, Global Dominion has the best continuous market recommendation among companies followed by five or more analysts. Its stock market performance isn’t particularly bullish, down 13%, but its valuation remains strong with 119% potential. The company joined the ranks Strategic portfolio elEconomista.es a few weeks ago, with the consensus of seven research agencies covering the company around the world. purchase recommendation.
Atrys Health, the second best recommendation based on these criteria, has an upside potential of 90%, one of the highest in the entire Spanish stock market. Its performance on the stock market has not been particularly positive, but experts continue to support its value. GP Morgan estimates that the company “continues to strengthen its market position through its strategic focus on geographic growth and operational excellence. The strong results reflect the success of its core businesses and support its guidance for 2024.”
eDreams is also among the Spanish stocks with a 100% buy recommendation. The online travel agency’s shares have fallen nearly 13% on the stock market this year, but Growth potential exceeds 40%.. With this journey, eDreams’ market value could once again exceed €1 billion for the first time in more than two years.
Ebro Foods, CAF, Lar España, Viscofan, CIE Automotive, Acerinox and Aedas are the seven companies that complete the classification of the best recommendations of the Spanish stock market when monitored by five or more analyst firms. Shares of the food company, which owns brands such as SOS and Brillante, were approaching their yearly highs in mid-September, but experts continue to see upside potential for its shares, and neither firm recommends unwinding positions. Dividends are one of the company’s strengths and are usually distributed in three annual payments to investors.
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