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 once coverage begins.
Past performance is not indicative of future results. Ratings are not personal investment advice and are directed at professional and institutional investors only.