Metlen Energy & Metals PLC, the Utilities sector company, was revisited by a Wall Street analyst today. Analyst Ioannis Masvoulas from Morgan Stanley maintained a Buy rating on the stock and has a €55.00 price target.
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Ioannis Masvoulas has given his Buy rating due to a combination of factors related to Metlen’s strategy, balance sheet, and growth outlook. He views Metlen’s decision not to overpay for Aluminium Dunkerque as evidence of prudent capital allocation, particularly when leverage has already risen after the recent profit warning and funding needs remain sizable.
This outcome also removes a major short‑term uncertainty around a large acquisition, which could have strained resources and distracted management. Masvoulas further emphasizes that, freed from this M&A overhang, Metlen can now concentrate on resolving issues in its non‑core M Power Projects EPC business and executing its robust organic investment pipeline, which targets mid‑term EBITDA in the €1.9‑2.08 billion range, supporting his positive stance on the stock.