Analysts Recommendations

Home Investors relations Presence in the stock market Analysts Recommendations

Entity	Analyst	Date	Recomendation	Target Price
Kempen & Co	Charles Maynadier	12/07/2015	Buy	15.5
Goldmand Sachs	Patrick Creuset	01/13/2016	Hold	13.8
Natixis	Gregoire Thibault	02/11/2016	Sell	13.0
Banco Sabadell	Guillermo Fernández	02/10/2016	Buy	17.5
J.P.Morgan Cazenove	Elodie Rall	01/14/2016	Hold	13.0
N+1 Equities	José Ramón Ocina	01/08/2016	Buy	16.3
Haitong	Juan Carlos Calvo	02/16/2016	Hold	14.5
Ahorro Corporación	Guillermo Barrio	02/10/2016	Hold	15.5
Mirabaud Finanzas	Javier Mielgo	02/10/2016	Sell	13.3
RBC Capital Markets	Andy Jones	02/10/2016	Buy	17.0
BPI	Filipe Leite	02/16/2016	Hold	13.4
MainFirst	Borja Castro	10/30/2015	Hold	16.0
Kepler-Cheuvreux	Joaquin Ferrer	11/20/2015	Sell	13.2
Insight	Robert Crimes	02/12/2016	Sell	16.0
BBVA	Antonio Rodriguez	02/10/2016	Hold	15.3
Nomura	Robert Joynson	02/16/2016	Hold	12.4
UBS	Bosco Ojeda	02/12/2016	Buy	14.5
Bekafinance	Rafael Fernández de Heredia	02/17/2016	Buy	15.4
Société Générale	Victor Acitores	02/19/2016	Hold	14.6
Bank of America-Merrill Lynch	Marcin Wojtal	01/12/2016	Hold	15.0
Santander	Vittorio Carelli	02/11/2016	Hold	15.3
Deutsche Bank	José Francisco Ruiz	02/12/2016	Buy	16.1
Fidentiis	Daniel Rodriguez	02/16/2016	Buy	14.7
CaixaBank	Santiago Marín	02/15/2016	Buy	16.6
Exane BNP Paribas	Nicolas Mora	09/18/2014	Hold	15.0
Intermoney	Esther Martín	07/24/2015	Hold	16.8
Bankinter	Jesús Amador	02/18/2016	Hold	15.4
Renta 4	Ángel Pérez	04/20/2016	Hold	14.6

Legal notice:
The inclusion of this list does not represent any kind of support or backing of any kind of information, estimation, prediction or opinion of these companies, with such a notion being herein specifically rejected.