TS Lombard, one of the leading independent analysis houses in the City, has been located on the first of these sides. In a note to investors, he recommends investors to bet on Spain, hoping that a next solution to the Catalan debate will allow Spanish parquet to gain ground lost during the last months in front of other places. TS Lombard predicts a strong rise until the end of the year of the Ibex 35, recovering the 13% that has been left in front of the Italian Stock Exchange since the summer. TS Lombard predicts that the Spanish index will reach 11,500 points, from the current 10,300 points.
"The Ibex is the cheapest exchange in the euro zone," says Oliver Brennan, market analyst at TS Lombard. The PER (number of times the price of the listed companies contains annual profits) is among the lowest in the developed countries, according to the report. "The weakness of recent months was caused by falls in six stocks, mainly banks, and is likely to recover now thanks to greater political clarity."
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