Ratings & coverage
How to read an EERP rating.
Every covered company carries a formal recommendation and a 12-month price target. The scale is absolute and applies the same way to every company we cover.
Expected total return of +15% or more over 12 months.
Expected total return between −15% and +15%.
Expected total return of −15% or less.
Price target
The 12-month target is derived from a driver-based valuation — a three-statement model, DCF and peer multiples — across base, bull and bear scenarios. It reflects the analyst's judgement at the date of the report and may change without notice.
Update cadence
- Quarterly: revised model, refreshed thesis and updated target.
- Flash notes: promptly after any material event — earnings, M&A, guidance or regulatory change.
- Annual rebuild: a full thesis reassessment and valuation recalibration.
Recommendation distribution
In line with the EU Code of Conduct, EERP publishes its historical recommendation distribution (the split of BUY / HOLD / SELL across coverage) on a quarterly basis.
| Rating | Issuers | Share of coverage |
|---|---|---|
| BUY | 1 | 50 % |
| HOLD | 1 | 50 % |
| SELL | 0 | 0 % |
Of the issuers covered, 50 % were party to an issuer-sponsored research agreement with EERP in the preceding 12 months.
Past performance is not indicative of future results. Ratings are not personal investment advice and are directed at professional and institutional investors only.