ERM Power Ltd Coverage Initiated by Analysts at CIMB (EPW)
Stock analysts at CIMB started coverage on shares of ERM Power Ltd (ASX:EPW) in a report issued on Thursday, AnalystRatingsNetwork.com reports. The firm set an “outperform” rating and a $2.98 price target on the stock.
Shares of ERM Power Ltd (ASX:EPW) traded up 0.56% on Thursday, hitting A$2.670. 41,584 shares of the company’s stock traded hands. ERM Power Ltd has a 52-week low of A$1.700 and a 52-week high of A$2.900. The stock has a 50-day moving average of A$2.64 and a 200-day moving average of A$2.60.
ERM Power Limited, formerly ERM Power Pty Ltd, is an integrated energy company. The Company is engaged in the sale of electricity to commercial and industrial customers, the development, construction and operation of gas-fired power stations, and the evaluation of and exploration for gas.
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