AGL Energy Ltd Coverage Initiated by Analysts at CIMB (AGK)
Equities researchers at CIMB initiated coverage on shares of AGL Energy Ltd (ASX:AGK) in a research report issued on Friday, American Banking and Market News reports. The firm set a “hold” rating and a $15.84 price target on the stock.
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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of A$160.61 ($139.66).
AGL Energy Ltd (ASX:AGK) traded up 1.88% during mid-day trading on Friday, hitting A$15.200. 1,467,172 shares of the company’s stock traded hands. AGL Energy Ltd has a 1-year low of A$13.850 and a 1-year high of A$16.600. The stock has a 50-day moving average of A$15.00 and a 200-day moving average of A$14.9. The company has a market cap of A$8.424 billion and a P/E ratio of 21.13.
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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