Citi Handlowy DM increased the target share price of ENERGA SA from PLN 19 to PLN 19.80 and lowered their recommendation to "Neutral"

Citi Handlowy DM (Brokerage House) analysts in the recent report of 16 July this year lowered their recommendation from "Buy" to "Neutral" and also increased the target share price of ENERGA SA from PLN 19 to PLN 19.80. The recommendation has been justified by earnings growth as well as higher dividend forecast for 2015-2016. ENERGA closing share price as at the day preceding the report issue was PLN 20.77.