Most of the experts compiled by the Bloomberg panel recommend taking positions and none urge undoing them. Although the European index advances 12.84% so far this year, the consensus of analysts believes that it can rebound 18.1% during the next twelve months and reach 5,054 points, which would leave it close to its all-time highs. at the end of March 2000, at 5,249 points.
Most investment firms, within a positive scenario, believe that the second part of the year will see more discreet revaluations in Europe, as a result of the impact of interest rates, the worsening of business results and the economic deterioration. Analysts focus on the automotive sector and banking with values that, despite registering a good stock market performance, have no sell recommendations.
The automobile and banking sectors, which have risen 17.4% and 6.55%, respectively, since January, are trading at a more attractive price than the index, with an estimated price-earnings ratio of 5.91 times and 6, 2 times, compared to 12.2 times in the European selective. Its twelve-month rebound capacity, of 22.2%, in the case of automobiles, and 32.3%, in banking, is also higher than that of the Euro Stoxx 50.
Mercedes, Stellantis, BBVA, Intesa Sanpaolo and BNP Paribas are the most prominent, also boosted by their results.
