AGL Energy Ltd Coverage Initiated by Analysts at CIMB (AGK)
Stock analysts at CIMB assumed coverage on shares of AGL Energy Ltd (ASX:AGK) in a report issued on Sunday, American Banking & Market News reports. The firm set a “hold” rating and a $15.84 price target on the stock.
AGL Energy Ltd (ASX:AGK) opened at 14.950 on Friday. 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$8.285 billion and a P/E ratio of 20.95.
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. The stock has an average rating of “Hold” and a consensus target price 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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