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Share Coverage

12 independent studies regularly cover the Hera Group's shares, and half of these are international, namely: Banca Akros, Banca IMI, Banca Leonardo, Centrobanca, Cheuvreux, Equita, Intermonte, Kepler, Mediobanca, Merrill Lynch, Santander and Unicredit. The Hera share was repeatedly listed as one of the best (investment) picks in 2009 by various research reports such as Unicredit, Equita, Centrobanca, Banca IMI and Banca Leonardo. Hera is well rated by analysts to date, with 10 “Buy/Outperform/Add” ratings, and only 2 Neutral/Hold ratings”; the objective average share price at 12 months expressed by the analysts is Euro 2 per share.

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