AGL Energy Ltd Now Covered by Analysts at CIMB (AGK)
CIMB initiated coverage on shares of AGL Energy Ltd (ASX:AGK) in a research note issued on Thursday, Analyst Ratings Network.com reports. The firm set a “hold” rating and a $15.84 price target on the stock.
Shares of AGL Energy Ltd (ASX:AGK) traded down 0.53% during mid-day trading on Thursday, hitting A$15.110. The stock had a trading volume of 995,823 shares. AGL Energy Ltd has a one year low of A$13.850 and a one year high of A$16.600. The stock’s 50-day moving average is A$15.00 and its 200-day moving average is A$14.9. The company has a market cap of A$8.374 billion and a P/E ratio of 21.52.
Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of AGL Energy Ltd in a research note to investors on Sunday, January 12th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of A$160.61 ($140.89).
AGL Energy Limited (ASX:AGK) is engaged in buying and selling of gas and electricity; construction and/or operation of power generation and energy processing infrastructure; development of natural gas production and storage facilities, and exploration, extraction, production and sale of coal seam gas (CSG).
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