Eni SpA (ETR:ENI) Receives Consensus Rating of “Hold” from Brokerages
Shares of Eni SpA (ETR:ENI) have received a consensus rating of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is €16.36 ($19.03).
Several brokerages recently weighed in on ENI. Credit Suisse Group set a €16.75 ($19.48) price target on ENI and gave the stock a “neutral” rating in a report on Tuesday, January 28th. UBS Group set a €15.00 ($17.44) price target on ENI and gave the stock a “buy” rating in a report on Monday, December 16th. Jefferies Financial Group set a €17.00 ($19.77) price target on ENI and gave the stock a “buy” rating in a report on Thursday, October 17th. Berenberg Bank set a €15.50 ($18.02) price target on ENI and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, HSBC set a €14.75 ($17.15) price target on ENI and gave the stock a “neutral” rating in a report on Wednesday.
Shares of ETR ENI traded down €0.09 ($0.10) during mid-day trading on Friday, hitting €12.90 ($15.00). 14,369 shares of the company were exchanged, compared to its average volume of 27,056. The company has a quick ratio of 0.94, a current ratio of 1.19 and a debt-to-equity ratio of 58.18. The stock has a 50 day simple moving average of €13.57 and a 200-day simple moving average of €13.75. ENI has a 1-year low of €12.57 ($14.62) and a 1-year high of €16.02 ($18.63). The firm has a market cap of $46.89 billion and a price-to-earnings ratio of 19.03.
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 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.
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