The revaluation carried out by many companies on the Spanish stock market does not constitute a limit for analysts who monitor their behavior on the stock market, who grant strong buy recommendations to many of them. This means that experts consider that This is the optimal time to put the securities of these companies in your portfolio.since its evolution will delight the investor. Within the Ibex 35, 15 stocks currently offer the best possible recommendation, almost half of the index. In the case of the Continuous Market, which brings together the four Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia), up to 60 companies offer purchasing advice.
Among the companies that experts currently consider them to be in, some have greater credentials than others and enjoy greater consensus support in this regard. These criteria are those which are taken into account in The Ibex Leaguethe combination of elEconomista.es which is prepared with the averages of the recommendations of Bloomberg and FactSet. Logista, Sacyr, Merlin, IAG and Cellnex are those who occupy the first five positions in this ranking (see top ten in chart).
The logistics company has won first place in the ranking produced by this media for several weeks. In addition to having the best recommendation in the main Spanish index, the company stands out with the best advice among its main comparable companies, which include the German Deutsche Post (DHL) and the American United Parcel Service (UPS) .
Sacyr, who is also fighting for first place in The Ibex League at Logista for months, also offers a potential increase of 25% for the months to come. Barclays highlights the attractive entry point they currently see in the infrastructure company and says: “We see significant growth potential in investments financed through organic cash generation and asset turnover, an option that remains undervalued despite Sacyr’s strong execution track record,” they state. .
Merlin Properties closes the podium for the best recommendation of the Ibex 35 firms With an increase of around 17% on the stock market, its shares have a run of 8.5% compared to current levels. JP Morgan was one of the companies that increased Merlin’s valuation following the company’s capital increase this summer. “We believe this is a catalyst to unlock significant value for Merlin, as the profits will be used to grow its data center business,” defends the American company, which estimates that the operation could add approximately 351 million euros in gross turnover. is finally built, “which is equivalent to two thirds of the company’s current rents”, they add.
The evaluation of the consensus collected in FactSet and Bloomberg of the company also demonstrates the good prospects of IAG, which this month received the best advice since 2021. From JP Morgan, one of the analytical banks that advises taking positions in the company, justifies this recommendation by the fact that IAG “offers higher quality and generates more liquidity than other companies in the sector, and is one of those with the best risk-reward ratio to raise the consensus figures for the financial year 2024,” they explain.
La Torrera, who is next with the best advice, has a potential that exceeds 20% on the stock market. The environment of falling rates in which the market is already immersed is one of the levers for Cellnex, due to its high debt. Additionally, the market already expects the company to pay a dividend above 2% by 2026.
The best on the market continues
Expand the range to the rest of the values of the Spanish stock market, Global Dominion has the highest continuous market recommendation among companies followed by five or more analysts. Its performance on the stock market is not particularly optimistic, with a drop of 13%, but the valuation remains strong, with a potential of 119%. The company was part of the ranks of The strategic portfolio of elEconomista.es a few weeks ago, unanimously among the seven analysis houses that cover this company around a purchase recommendation.
Atrys Health, the second best recommendation according to these criteria, has an upside potential of 90%, one of the highest on the entire Spanish stock market. Its performance on the stock market is not particularly positive, but experts continue to show their support for the stock. GP Morgan believes that this company “continues to consolidate its position in the market thanks to its strategic focus on geographic growth and improved operational efficiency. The good results reflect the success of its main business areas and confirm its orientations for the year 2024”.
eDreams is also among the Spanish stocks that have 100% buy recommendations. The online travel agency has fallen nearly 13% this year on the stock market, but Its upside potential exceeds 40%. Thanks to this trip, for the first time in more than two years, the market value of eDreams could once again exceed one billion euros.
Ebro Foods, CAF, Lar España, Viscofan, CIE Automotive, Acerinox and Aedas are the seven companies that complete the ranking of the best recommendations of the Spanish Stock Exchange with the monitoring of five or more analytical firms. Shares of the food company, owner of brands such as SOS and Brillante, were nearing their annual highs in mid-September, but experts continue to see upside potential for its shares and no company recommends breaking up its positions. One of its strong points is the dividend, which is normally distributed in three annual installments to its investors.
