Eni SpA (ENI) Receives €18.19 Consensus Price Target from Brokerages
Shares of Eni SpA (ETR:ENI) have earned a consensus rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is €18.19 ($21.16).
Several equities research analysts recently commented on the stock. Berenberg Bank set a €18.30 ($21.28) price objective on shares of ENI and gave the stock a “buy” rating in a research report on Monday, March 18th. UBS Group set a €18.50 ($21.51) price objective on shares of ENI and gave the stock a “buy” rating in a research report on Monday, January 14th. JPMorgan Chase & Co. set a €13.50 ($15.70) target price on shares of ENI and gave the company a “sell” rating in a report on Thursday, November 29th. Sanford C. Bernstein set a €19.00 ($22.09) target price on shares of ENI and gave the company a “buy” rating in a report on Friday, February 15th. Finally, Kepler Capital Markets set a €19.00 ($22.09) target price on shares of ENI and gave the company a “buy” rating in a report on Monday, November 26th.
Shares of ETR:ENI traded down €0.13 ($0.15) on Thursday, reaching €15.70 ($18.25). 5,393 shares of the company were exchanged, compared to its average volume of 27,056. The company has a quick ratio of 1.14, a current ratio of 1.39 and a debt-to-equity ratio of 50.53. ENI has a 1-year low of €13.48 ($15.67) and a 1-year high of €16.90 ($19.65). The stock has a market cap of $57.14 billion and a PE ratio of 13.42.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.
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