Institution	Name	Price Target	Recommendation	Date	Research Since
Goldman Sachs	Manuel Losa	€2.70	Neutral	17-09-2018	06-12-2012
Morgan Stanley	Carolina Dores	€ 2.70	Equal-weight	10-09-2018	12-01-2010
Santander	Bosco Muguiro	€ 2.56	Hold	02-08-2018	24-10-2007
Mediobanca	Sara Piccinini	€ 2.60	Neutral	30-07-2018	27-01-2016
BBVA	Daniel Ortea	€ 2.26	Underperform	27-07-2018	15-07-2011
Intermoney Valores	António Seladas	€ 2.50	Neutral	26-07-2018	03-12-2015
Caixa BI	Helena Barbosa	€3.10	Buy	17-07-2018	14-04-2008
BPI	Gonzalo Sánchez-Bordona	€ 2.90	Buy	13-06-2018	11-09-2007
BIG	Diana Oliveira	€ 2.83	Accumulate	15-05-2018	15-05-2018
CITI	Akhil Bhattar	€ 2.73	Neutral	07-05-2018	22-10-2010
Societe Generale	Jorge Alonso	€ 2.30	Sell	07-05-2018	12-01-2010
Haitong	Jorge Guimarães	€ 3.00	Buy	17-04-2018	08-10-2015
JB Capital Markets	José Martins Soares	€ 3.02	Buy	31-01-2018	04-05-2017
Average		€ 2.71