Recommendations and market consensus

Recommendations

2025

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
25 April 2025PKO BP SecuritiesSell14.0018.09
17 April 2025DM TrigonHold18.6016.40
16 April 2025Santander Biuro MaklerskieOutperform19.6016.68
20 February 2025Santander Biuro MaklerskieNeutral16.9014.80
19 February 2025DM BOŚHold16.0014.45
24 January 2025PKO BP SecuritiesHold14.0014.75

 

2024

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
10 December 2024DM TrigonBuy18.0014.60
26 November 2024Biuro maklerskie mBankuBuy16.4014.09
26 November 2024Santander Biuro MaklerskieOutperform18.5013.70
21 November 2024IpopemaBuy15.5012.30
14 November 2024PKO BP SecuritiesBuy14.0012.01
21 October 2024DM BOŚBuy16.0012.28
21 October 2024DM TrigonBuy14.6012.28
16 October 2024Dom Maklerski BDM S.A.Buy14.7912.23
4 October 2024ERSTEAccumulate14.8012.70
3 September 2024Biuro Maklerskie PekaoBuy20.0014.56
22 August 2024Biuro maklerskie mBankuBuy15.6012.98
22 July 2024Dom Maklerski BDM S.A.Buy14.0511.52
22 July 2024DM BOŚBuy14.6011.74
19 July 2024DM TrigonBuy13.2011.37
18 July 2024PKO BP SecuritiesHold12.2011.76
28 May 2024PKO BP SecuritiesSell12.2013.50
27 May 2024Santander Biuro MaklerskieNeutral14.7013.14
13 May 2024Santander Biuro MaklerskieOutperform13.9011.85
8 May 2024Dom Maklerski BDM S.A.Buy13.3910.50
6 May 2024Biuro maklerskie mBankuBuy12.609.98
19 April 2024DM TrigonHold10.609.83
29 February 2024 PKO BP SecuritiesSell9.9012.20
22 February 2024Santander Biuro MaklerskieNeutral12.2011.47


 

2023

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
14 December 2023 ErsteAccumulate15.0013.10
4 December 2023Biuro Maklerskie PekaoHold14.7013.38
1 December 2023Biuro maklerskie mBankuHold14.0012.83
16 November 2023Santander Biuro MaklerskieNeutral14.2012.77
15 Novembr 2023IpopemaHold11.5012.50
23 October 2023 DM TrigonBuy16.6012.85
17 October 2023DM BOŚHold14.0012.89
11 October 2023 Santander Biuro MaklerskieOutperform17.5012.18
5 October 2023ErsteBuy15.0011.40
2 October 2023Biuro maklerskie mBankuBuy18.8012.09
28 September 2023PKO BP SecuritiesHold13.5012.34
1 September 2023Biuro maklerskie mBankBuy18.2013.56
28 August 2023Wood&CoHold15.4214.05
18 July 2023DM BOŚHold16.7016.70
14 July 2023DM BOŚNeutral20.2016.41
 3 July 2023Biuro maklerskie mBankuHold18.2016.51
28 June 2023IpopemaHold16.0016.69
17 May 2023Santander Biuro MaklerskieUnderperform17.8018.12
24 April 2023DM BOŚUnderweight20.2016.92
24 April 2023DM TrigonHold18.0016.84
12 April 2023Santander Biuro MaklerskieNeutral18.5016.02
6 April 2023Biuro Maklerskie PekaoBuy20.4016.21

 

2022

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
12 December 2022DM TrigonBuy22.0018.18
12 December 2022IpopemaSell15.5018.12
12 December 2022HaitongNeutral18.9018.16
7 December 2022ERSTEAccumulate21.0018.20
4 December 2022DM BOŚHold20.0018,10
2 December 2022Santander Biuro MaklerskieNeutral20.3018.70
1 December 2022Biuro maklerskie mBankuAccumulate20.1018.59
7 November 2022PKO BP SecuritiesHold19.0018.57
3 October 2022Biuro maklerskie mBankuBuy22.0016.05
21 September 2022HaitongBuy20.5017.18
8 September 2022Santander Biuro MaklerskieOutperform22.6018.26
5 September 2022DM BOŚNautral21.6019.30
23 August 2022HaitongNeutral21.7020.30
July 2022DM TrigonBuy24.0019.97
8 July 2022Biuro maklerskie mBankuHold22.6021.62
4 July 2022IpopemaSell18.2021.22
1 July 2022HaitongNeutral22.9021.58
15 June 2022ERSTEBuy28.0018.80
7 June 2022CitiNeutral-20.46
2 June 2022Santander Biuro MaklerskieUnderperform23.4022.46
12 May 2022IpopemaSell18.0022.98
April 2022DM TrigonHold29.5027.32
14 April 2022BarclaysOverweight34.0028.00
1 April 2022Biuro Maklerskie PekaoBuy33.5728.14
9 March 2022Santander Biuro MaklerskieUnderperform28.4027.70


 

2021

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
14 December 2021IpopemaHold32.5036.80
14 December HaitongNeutral34.9034.72
9 December 2021DM TrigonBuy39.0033.88
5 December 2021DM BOŚNeutral35.5033.88
3 December 2021Santander Biuro MaklerskieSell33.2034.06
29 November 2021Wood&CoHold34.0035.00
9 November 2021Santander Biuro MaklerskieSell34.9432.90
19 October 2021BarclaysOverweight40.0036.84
6 October 2021Biuro maklerskie mBankuHold36.2035.62
1 October 2021Goldman SachsSell28.6035.58
30 September 2021CitiNeutral35.0035.58
2 September 2021HaitongNeutral36.7036.56
31 August 2021Santander Biuro MaklerskieHold35.6037.89
31 August 2021BarclaysOverweight39.0036.56
23 August 2021PKO BP SecuritiesBuy39.2035.32
26 July 2021IpopemaBuy38.0033.32
23 July 2021CitiNeutral29.8033.04
21 July 2021BarclaysOverweight36.0032.42
21 July 2021DM TrigonBuy36.0032.00
20 July 2021DM BOŚBuy30.5032.42
25 June 2021ERSTEBuy36.0029.70
2 June 2021Goldman SachsSell27.2030.76
28 May 2021Santander Biuro MaklerskieBuy33.7030.70
14 May2021IpopemaBuy37.0028.56
26 April 2021DM TrigonBuy34.0030.40
29 March 2021BarclaysOverweight35.0028.86
5 February 2021Santander Biuro MaklerskieHold28.8028.06
16 January 2021Goldman SachsSell28.3030.22


 

2020

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
December 2020DM BOŚBuy30.5027.66
14 December 2020HaitongBuy32.3027.84
11 December 2020BarclaysOverweight34.0027.34
8 DecemberBiuro maklerskie mBankuHold27.8427.90
8 December 2020IpopemaBuy33.0027.66
7 December 2020PKO BPBuy31.0027.66
1 December 2020Biuro Maklerskie PekaoBuy31.3027.10
23 November 2020Santander Biuro MaklerskieHold27.8026.62
5 Novembr 2020Wood&CoBuy30.6025.80
22 October 2020HaitongBuy28.7025.32
20 October 2020DM TrigonBuy30.5025.36
5 October 2020ERSTEAccumulate31.0027.30
9 September 2020IpopemaBuy33.0026.00
2 September 2020Biuro maklerskie mBankuHold26.3026.92
31 August 2020Goldman SachsSell25.8028.06
31 August 2020Santander Biuro MaklerskieHold27.5028.06
31 August 2020HaitongNeutral29.4028.70
20 July 2020DM trigonBuy31.1027.62
7 July 2020CitiNeutral29.8027.44
6 July 2020DM TrigonBuy31.0027.34
24 June 2020HaitongNeutral28.9027.68
3 June 2020Santander Biuro MaklerskieBuy29.3025.00
7 May 2020PKO BPHold26.8024.50
1 April 2020Biuro maklerskie mBankuHold24.1023.82
24 March 2020HaitongBuy27.4023.90
16 March 2020Pekao Investment Banking S.A.Buy30.6021.08
4 March 2020Biuro maklerskie mBankuHold26.1026.24
26 February 2020Raiffeisen CENTROBANKHold30.0027.56
29 January 2020Santander Biuro MaklerskieBuy30.3026.60
24 January 2020Goldman SachsSell27.7028.60
24 January 2020ERSTEHold30.0027.80


 

2019

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
17 December 2019HaitongBuy32.0027.50
9 December 2019DM TrigonSell24.7027.50
8 December 2019DM BOŚHold25.8027.30
4 December 2019CitiNeutral30.5027.36
3 December 2019Pekao Investment Banking S.A.Hold29.7027.92
21 November 2019Santander Biuro MaklerskieHold29.8028.70
14 November 2019DM mBankuReduce26.1028.86
18 October 2019DM TrigonSell24.5027.36
10 October 2019Raiffeisen CENTROBANKHold29.0027.60
8 October 2019Pekao Investment Banking S.A.Buy30.7027.34
26 September 2019HaitongBuy29.0025.54
13 August 2019IpopemaHold28.1025.27
8 August 2019Wood&CoHold30.5029.20
18 July 2019DM TrigonSell25.7030.08
16 July 2019CitiNeutral31.0030.40
11 July 2019Goldman SachsNeutral31.5030.90
8 July 2019UBSNeutral32.0030.60
28 June 2019DM TrigonSell25.9030.58
12 June 2019Goldman SachsNeutral30.5028.20
12 June 2019PKO BPHold29.5028.20
11 June 2019Pekao Investment Banking S.A.Buy32.6028.10
6 June 2019Santander Biuro MaklerskieHold27.1026.44
4 June 2019Pekao Investment Banking S.A.Buy29.9025.68
31 May 2019DM mBankuReduce24.6026.00
22 May 2019Santander Biuro MaklerskieHold25.5024.30
13 May 2019Goldman SachsNeutral24.4025.84
18 April 2019DM TrigonSell24.4025.54
16 April 2019ERSTEBuy31.0025.80
22 March 2019Pekao Investment Banking S.A.Buy30.3026.24
21 February 2019UBSBuy30.0025.54
23 January 2019ERSTEBuy30.0022.90
16 January 2019Goldman SachsNeutral24.5023.24
9 January 2019IpopemaBuy26.2022.40

2018

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
18 December 2018Wood&CoHold25.0026.30
11 December 2018HaitongBuy26.0022.80
9 December 2018DM BOŚHold24.5022.20
7 December 2018DM TrigonHold24.1022.46
4 December 2018PKO BPHold24.5022.68
28 November 2018Pekao Investment Banking S.A.Buy29.7022.50
26 November 2018DM mBankuHold23.2022.50
26 Novemner 2018CitiNeutral25.2022.60
18 Otcober 2018DM TrigonHold23.2022.44
11 October 2018Goldman SachsNeutral24.4023.30
4 October 2018ERSTEBuy32.0022.30
28 August 2018 Raiffeisen CENTROBANKBuy27.0023.18
20 August 2018DM BZ WBK1Hold24.0022.48
19 July 2018DM TrigonHold24.9023.78
18 July 2018Goldman SachsNeutral28.7023.64
27 June 2018Pekao Investment Banking S.A.Buy29.3022.52
15 June 2018DM mBankuAccumulate24.9022.76
14 June 2018Raiffeisen CENTROBANKBuy27.5022.70
7 June 2018IpopemaBuy28.0024.98
1 June 2018ERSTEBuy32.0024.90
10 May 2018DM BOŚHold27.0026.14
12 April 2018Goldman SachsNeutral27.6024.74
10 April 2018DM TrigonBuy27.4024.43
6 April 2018CitiNautral27.7024.84
6 April 2018DM mBankuHold25.3024.84
4 April 2018PKO BPBuy28.5025.24
20 March 2018Goldman SachsNeutral27.9024.08
19 March 2018CitiNeutral26.7023.96
5 March 2018DM mBankuAccumulate24.9022.80
13 February 2018Raiffeisen CENTROBANKBuy27.3023.08
8 February 2018Goldman SachsNeutral27.8023.34
2 February 2018BerenbergHold27.5024.02
31 January 2018DM mBankuHold25.7024.70

1 currently Santander Biuro Maklerskie 

2017

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
18 December 2017HaitongBuy27.5023.91
10 December 2017DM BOŚBuy27.0024.00
5 December 2017Goldman SachsNeutral26.6024.45
17 November 2017UBSBuy30.0024.35
23 October 2017Raiffeisen CENTROBANKBuy28.6024.42
5 October 2017ERSTEAccumulate31.0026.00
22 September 2017Trigon DMBuy29.1025.98
11 September 2017Raiffeisen CENTROBANKBuy29.5026.48
5 September 2017HaitongBuy30.4026.40
1 September 2017ERSTEAccumulate31.0026.60
29 August 2017DM mBankuReduce24.4027.80
23 August 2017PKO BPBuy29.2026.45
26 July 2017 CitiNeutral27.0025.41
26 July 2017IpopemaHold26.0025.41
25 July 2017Deutsche BankHold28.0026.00
18 July 2017DM BOŚHold26.2025.60
11 July 2017HaitongBuy30.0025.07
30 June 2017Pekao Investment Banking S.A.Hold24.3424.14
7 June 2017Wood&CoHold28.9026.30
17 May 2017DM BOŚSell25.5027.08
16 May 2017Goldman SachsNeutral26.8026.55
15 May 2017BDMAccumulate28.4926.00
8 May 2017Raiffeisen CENTROBANKBuy28.0024.71
26 April 2017Wood&CoBuy28.6023.30
17 April 2017Goldman SachsNeutral25.6024.15
23 March 2017BerenbergBuy27.5023.50
23 March 2017Trigon DMBuy29.4023.41
14 March 2017CitiNeutral25.0023.16
3 March 2017ERSTEAccumulate26.0023.50
17 February 2017BZ WBKBuy28.5024.14
30 January 2017IpopemaHold25.0024.49
27 January 2017DM mBankuReduce22.3024.65


 

2016

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
14 December 2016Goldman SachsNeutral25.2023.66
14 December 2016 PKO BPBuy27.5023.66
December 2016Trigon DMBuy28.1023.56
4 December 2016DM BOŚHold25.1023.56
2 December 2016HaitongBuy27.1024.15
24 October 2016Trigon DMBuy29.3023.77
20 October 2016Raiffeisen CENTROBANKHold27.0023.58
5 October 2016ERSTEHold26.0024.90
4 October 2016Deutsche BankHold26.0024.32
23 September 2016PKO BPBuy29.0025.43
15 September 2016BDMAccumulate26.3623.90
13 September 2016DM mBankuReduce21.8024.25
1 September 2016Goldman SachsNeutral24.3024.60
22 August 2016IpopemaBuy27.4024.08
22 August 2016HaitongBuy27.0024.09
10 August 2016Wood&CoBuy27.8024.00
21 July 2016DM BOŚHold24.4023.34
13 July 2016CitiNeutral24.8022.35
17 June 2016Pekao Investment Banking S.A.Buy24.0020.13
8 June 2016PKO BPBuy26.1022.34
11 May 2016BerenbergHold25.7023.29
10 May 2016Goldman SachsHold24.0023.26
April 2016Patria Finance a.s.Hold25.3024.20
22 April 2016BZ WBKBuy31.0024.51
18 April 2016DM BOŚHold25.1024.35
8 April 2016Trigon DMBuy28.6023.22
31 March 2016ERSTEHold26.0024.70
29 March 2016Raiffeisen CENTROBANKBuy27.7023.99
21 March 2016INGBuy27.8022.86
17 March 2016UBSBuy28.0022.95
24 February 2016Goldman Sachs Neutral23.4022.90
11 February 2016BDMAccumulate24.6521.60
9 February 2016 IpopemaBuy24.0021.30
2 February 2016DM mBankuHold22.1021.99
20 January 2016Raiffeisen CENTROBANKBuy26.5020.82
13 January 2016Deutsche BankBuy26.0020.79


 

2015

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
18 December 2015INGHold23.2020.43
15 December 2015PKO BPBuy26.6021.00
15 December 2015Goldman SachsNeutral23.6021.00
15 December 2015HaitongBuy26.1020.43
11 December 2015IpopemaBuy27.2022.12
3 December 2015DM mBankuReduce22.1024.20
15 November 2015Deutsche BankHold27.0025.10
27 October 2015CitiNeutral25.8025.02
26 October 2015BDMHold24.2124.81
19 October2015BZ WKBuy32.0031.50
16 October 2015INGHold26.3025.50
16 October 2015Trigon DMBuy28.3025.38
2 September 2015Wood&CompanyBuy28.7022.40
27 August 2015Goldman SachsNeutral24.8021.20
22 July 2015DM BOŚHold25.0023.20
21 July 2015Raiffeisen CENTROBANKBuy28.5023.17
July 2015INGBuy27.0022.90
15 July 2015BESIBuy28.0022.31
8 July 2015DM BZ WBKBuy31.5023.50
25 May 2015DM PKO BPHold27.9025.80
7 May 2015ERSTEBuy30.0024.80
22 April 2015DM BZ WBKBuy31.7024.80
21 April 2015Goldman SachsNeutral26.1025.44
26 March 2015Raiffeisen CENTROBANKBuy30.0024.80
12 March 2015Trigon DMBuy28.3025.01
11 March 2015Goldman SachsNeutral25.8024.12
9 March 2015UBSBuy28.0024.15
18 February 2015Raiffeisen CENTROBANKBuy29.0023.80
17 February 2015Goldman SachsNeutral27.3023.80
11 February 2015DM BZ WBKBuy31.1023.60
10 February 2015Erste GroupHold26.0023.90
2 February 2015Trigon DMBuy28.8023.65
19 January 2015IpopemaBuy26.7022.15
19 January 2015BDMReduce20.1122.13
16 January 2015Deutsche BankHold26.0022.46


 

2014

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
December 2014INGBuy29.1025.00
15 December 2014DM mBankuReduce22.0025.00
11 December 2014BESIBuy29.1024.71
10 December 2014UniCreditHold26.0024.71
8 December 2014Trigon DMBuy29.4024.70
4 December 2014DM PKO BPBuy28.4024.20
24 October 2014Deutsche Bank Hold28.0027.20
20 October 2014BZ WBKBuy32.3025.97
13 October 2014UBSBuy30.0026.16
16 September 2014INGBuy29.9026.00
1 September 2014DM BOŚHold26.5025.49
4 August 2014DM BZ WBKBuy31.4023.40
22 July 2014Espirito SantoBuy27.1023.80
21 July 2014 Raiffeisen CENTROBANKBuy26.5022.80
21 July 2014 Goldman SachsNeutral25.9022.67
17 July 2014 DM BOŚBuy26.5022.67
10 July 2014 DBBuy27.0021.58
23 June 2014 PKO BPHold23.6022.30
26 June 2014 UniCreditBuy26.0021.99
25 June 2014 UBSBuy27.0022.46
23 May 2014 INGBuy24.7020.75
30 April 2014 Trigon DMBuy26.4020.05
27 March 2014Deutsche BankHold22.6020.85
17 March 2014 Raiffeisen CENTROBANKHold23.2020.72
11 February 2014 ING Hold21.2019.80
13 January 2014Raiffeisen CENTROBANKBuy23.2019.00
10 January 2014DM mBankuBuy24.1018.73

2013

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
17 December 2013 DM PKO BPHold19.9019.30
10 December 2013UniCreditBuy24.5019.81
8 December 2013IDMSABuy23.4019.31
29 November 2013ERSTE GROUPHold20.0019.90
27 November 2013Espirito SantoBuy23.8019.35
15 November 2013 UBSNeutral23.0020.40
14 November 2013 Trigon DM-21.6-23.922.40
25 October 2013DI Investors S.A.Neutral25.5023.80
16 October 2013 IDMSAHold22.3024.20
25 September 2013 ERSTE GROUPAccumulate24.0021.30
12 September 2013Raiffeisen CENTROBANKHold22.6021.30
2 September 2013 Societe GeneraleHold20.7020.10
2 September 2013 Espirito SantoBuy23.7020.12
13 August 2013 Deutsche BankHold22.0021.67
7 August 2013Societe GeneraleSell20.7022.30
17 July 2013 IDMSAHold20.2021.60
17 July 2013INGSell19.3021.60
8 July 2013 UBSBuy23.0019.68
17 June 2013 BDMHold20.8219.64
11 June 2013 Raiffeisen CENTROBANKBuy21.9018.89
3 June 2013 DM PKO BPHold20.4018.20
29 May 2013UniCreditHold20.3018.49
15 May 2013 IDMSAHold19.2019.20
17 April 2013 IDMSABuy19.2016.50
15 April 2013IDMSAHold19.2017.06
11 April 2013 Deutsche BankBuy22.0016.42
18 March 2013 Raiffeisen CENTROBANKHold19.5018.00
18 February 2013 Raiffeisen CENTROBANKBuy18.5015.81
12 February 2013 Societe GeneraleHold18.2016.70
11 February 2013 KBC SecuritiesBuy18.9016.32
30 January 2013 BDMAccumulate18.7016.93
25 January 2013INGHold19.0017.90
9 January 2013 IPOPEMAHold17.0017.00

2012

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
27 December 2012 DM AmerBrokersHold17.3416.34
14 December 2012 DM PKO BPHold17.8016.90
13 December 2012 IDMSAHold16.5016.86
12 DecemberWood & CompanyBuy19.6017.10
10 December 2012 DI BREHold15.6015.40
26 November 2012 Espirito SantoBuy17.9015.60
21 November 2012 Raiffeisen CENTROBANKHold17.5015.60
19 November 2012KBC SecuritiesBuy18.0014.70
16 November 2012Deutsche BankBuy18.5014.70
15 November 2012Societe GeneraleBuy16.8014.50
22 October 2012Societe GeneraleHold15.7014.40
2 October 2012 IDMSAHold15.3014.67
1 October 2012Trigon DMBuy17.1014.70
25 September 2012 BDMHold15.1514.60
18 September 2012 KBC SecuritiesBuy17.4014.52
12 September 2012UBSBuy18.0014.20
4 September 2012 UniCreditBuy16.6014.18
3 September 2012 IPOPEMASell13.5014.20
20 August 2012 Espirito SantoNeutral16.7015.60
10 August 2012 UBSNeutral17.0015.31
6 August 2012 Raiffeisen CENTROBANKBuy16.8014.50
3 August 2012 DI BREReduce13.2014.35
3 August 2012 Societe GeneraleHold15.4514.50
23 August 2012 INGBuy18.0014.22
13 June 2012Societe GeneraleHold14.5813.80
22 March 2012 Raiffeisen CENTROBANKBuy16.2013.85
21 March 2012 Deutsche BankBuy16.4013.99
16 March 2012 UBSBuy17.0014.30
12 March 2012 IPOPEMASell12.8013.65
13 February 2012KBC SecuritiesBuy16.3013.95
27 January 2012INGBuy17.0013.15
18 January 2012IPOPEMAHold15.1013.10
11 January 2012Raiffeisen CENTROBANKHold14.6012.80
9 January 2012BDMAccumulate13.4412.60
1 January 2012 IDMSAHold14.5013.50

2011

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
13 December 2011DM Banku Handlowego Buy17.1013.52
29 November 2011UniCreditBuy16.3012.90
22 November 2011Trigon DMHold14.0012.94
19 October 2011Deutsche BankBuy18.5015.35
13 October 2011DI BREHold14.8015.35
13 October 2011IDMSAHold15.2015.15
3 October 2011DM Banku Handlowego Buy19.1014.94
3 October 2011Raiffeisen CENTROBANKHold16.6014.94
14 September 2011ERSTE GROUPBuy19.0014.70
12 September 2011 IPOPEMAHold16.3014.00
2 August 2011DM Banku Handlowego Hold19.1015.99
26 July 2011 Raiffeisen CENTROBANKBuy18.8016.29
28 June 2011 UniCreditBuy18.9016.00
20 June 2011 UBSBuy18.4015.89
20 June 2011 IDMSABuy19.0016.20
24 May 2011Deutsche BankBuy20.0016.90
18 May 2011Trigon DMBuy19.0016.25
16 May 2011 IDMSAHold19.0016.89
18 March 2011Raiffeisen CENTROBANKBuy18.5015.50
14 March 2011 Trigon DMBuy18.6015.60
7 February 2011KBC SecuritiesHold16.1015.30
25 January 2011IDMSAHold17.9016.20
18 January 2011UBSNeutral17.3015.85
18 January 2011 Deuche BankBuy19.0015.30
17 January 2011 UniCreditBuy16.9015.01
14 January 2011 IPOPEMABuy18.4015.50

2010

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
23 December 2010Credit SuisseNeutral16.0016.97
20 December 2010 Raiffeisen Hold19.0017.00
19 December 2010 IDMSAHold17.9017.00
17 December 2010 DI BREHold15.3017.30
17 December 2010 ERSTE GROUPAccumulate19.0017.00
15 December 2010 UBSNeutral16.9016.36
8 December 2010 Deutsche BankBuy19.0015.90
2 December 2010 IPOPEMABuy18.1015.30
30 November 2010 KBC SecuritiesBuy17.0015.10
18 November 2010 ERSTE GROUPAccumulate18.0014.88
14 September 2010 DI BREHold15.3014.92
7 September 2010 Raiffeisen Buy17.0014.60
2 September 2010 KBC SecuritiesBuy16.7014.55
29 July 2010 BDMReduce13.4514.79
21 July 2010 IDMSAHold15.0014.50
19 July 2010 INGBuy16.2314.25
7 July 2010 Raiffeisen Buy17.0014.51
5 July 2010 Espirito SantoHold15.9014.50
28 May 2010 UniCreditBuy17.6015.10
10 May 2010 KBC SecuritiesBuy18.0014.25
20 April 2010 IDMSABuy16.6015.00
29 March 2010 DM Banku Handlowego Sell14.4015.70
29 March 2010 Raiffeisen Buy18.2015.70
25 March 2010 DI BREAccumulate16.6015.63
5 February 2010 UBSSell12.0014.30
26 January 2010IPOPEMAHold15.3015.10
12 January 2010UniCreditBuy18.1014.96
8 January  2010Deutsche BankBuy17.0014.40
7 January  2010IDMSAHold14.5014.40
7 January 2010 DM Banku Handlowego Buy16.5014.07

2009

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
18 December 2009 Raiffeisen Buy15.3013.10
4 December 2009 UniCreditBuy17.1013.50
24 November 2009 BDMReduce12.6014.00
23 November 2009 ERSTE GROUPAccumulate16.0014.20
23 November 2009 IPOPEMASell13.1014.30
12 November 2009 DM PKO BPReduce13.5014.19
10 November 2009 UBSSell14.0014.06
21 October 2009 IDMSAHold14.5014.44
12 October 2009 KBC SecuritiesHold13.4014.40
12 October 2009 IDMSAHold16.2014.40
28 September 2009 Deutsche BankHold16.8015.20
14 September 2009 UniCreditHold15.7014.98
9 September 2009DM Banku Handlowego Sell13.8015.90
26 August 2009 UniCreditSell15.7016.50
10 August 2009 UBSSell14.0017.00
10 August 2009Deutsche BankBuy19.0017.00
27 July 2009 DM PKO BPSell14.6618.10
22 July 2009 DM MillenniumReduce15.9018.00
22 July 2009 IDMSASell16.2017.65
17 July 2009 IPOPEMASell16.3017.30
14 July 2009 Raiffeisen Hold16.5016.05
7 July 2009 BDMReduce14.7016.30
29 May 2009 DI BREHold14.5514.25
21 May 2009 DM BZ WBKHold16.7014.42
21 May 2009 DM PKO BPAccumulate15.8115.00
18 May 2009 UniCreditHold16.0014.94
14 May 2009IPOPEMAHold16.3014.11
11 May 2009IPOPEMAHold18.1014.13
7 May 2009 UniCreditBuy16.0013.80
24 April 2009 IDMSAHold15.8014.05
9 April 2009 ERSTE GROUPAccumulate16.6014.00
27 March 2009BDMAccumulate14.5013.25
26 March 2009 DI BREBuy15.9013.80
20 March 2009 DM Banku Handlowego Buy16.6013.94
13 March 2009 IDMSAHold15.8013.41
17 February 2009 IPOPEMABuy18.1014.90
17 February 2009 KBC SecuritiesHold16.1714.90
9 February 2009UniCreditHold16.0015.29
6 February 2009 UBSNeutral15.0014.25
25 January 2009IDMSABuy16.6014.20
12 January 2009 UniCreditBuy16.0014.00

2008

DateCompanyRecommendationTarget price
(PLN)		Share price on
the recommendation
date (PLN)
28 November 2008 KBC SecuritiesBuy16.7214.00
26 November 2008 DI BREAccumulate15.8014.00
5 November 2008 UniCreditBuy16.0013.90
22 October 2008 IDMSABuy15.6012.70
12 September 2008DI BREBuy16.7014.30
28 July 2008 IPOPEMABuy15.7814.15
19 July 2008 IDMSABuy18.3013.90
19 July 2008 UBSNeutral16.0014.00
17 July 2008 UniCreditBuy17.0014.30
13 July 2008 UniCreditBuy16.9013.70
13 July 2008 IDMSABuy18.0013.70
10 July 2008 Espirito SantoBuy16.0013.50
10 July 2008IDMSABuy18.0013.39

Market consensus

 

Market consensus

million PLN202420252026number of forecasts
Revenues14.17614.70715.28010
EBITDA3,4543.5503.81110
EBITDA Margin24%24%25%10
Net profit58169191510

The analysts' estimates are exclusively based on the analyses of financial analysts who are independent from Cyfrowy Polsat. Any opinions, forecasts, estimates, projections or predictions regarding Cyfrowy Polsat's performance (ultimately represented by the figures of the consensus estimates) given by the analysts only reflect their view and do not represent the opinions, forecasts, estimates, projections or predictions of Cyfrowy Polsat or its management.

Based on estimates made by: Biuro maklerskie mBanku, Biuro Maklerskie Pekao, DM BOŚ, Dom Maklerski BDM S.A., Erste, Ipopema, PKO BP Securities, Santander Biuro Maklerskie, Trigon, Wood&Co

Last update February 24, 2025

Last updated 04/28/2025