JP Morgan increased the target price of ENERGA SA shares from PLN 19.00 to PLN 23.00

JP Morgan analysts in their report of 23 June increased the target price of ENERGA SA shares, from PLN 19.00 to PLN 23.00, maintaining the “Overweight” recommendation as a result of raised estimation of the EPS due to the decrease of risk-free rate and CAPEX in the Distribution Segment and forecast of higher dividend payout in the 2015. On the day of the report issue, the closing price of ENERGA SA shares was PLN 20.73.