Repsol: Jefferies cut its valuation. Does the Ibex 35 still have potential?

It was a tough day for Repsol in the stock market, which started with a nearly 2% fall on Wednesday and Jefferies cut its valuation. Analysts at the US investment bank on Wednesday lowered their recommendation on the Spanish energy company from “buy” to “hold”, and cut the target price on its shares from 19 euros to the current 14 euros, representing a change does. -26.3%.

hence, The company’s 12-month gain is up 5.9%The price of its titles at the end of Tuesday as reference.

he is not so pessimistic Reuters analyst consensus, which gives the Spanish company a target price of 17.31 euros, which is 5.2% lower than in February this year. He PossibilityFor its part, placed in 32,39% up to 12 months.

Among experts covering energy, 70% recommend a “buy”; 23% prefer to “Hold” and only 7% opt for sale of their shares.

The company headed by Antonio Brufau fell 9.56% on the Ibex 35 for the accumulated annual figure, its impact on the stock market in recent weeks clearly affected by falling oil prices and analysts’ downward forecasts for the coming months. ,