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Equities researchers at Deutsche Bank assumed coverage on shares of Energy Developments Limited (ASX:ENE) in a research report issued on Thursday, American Banking reports. The firm set a “buy” rating and a $6.85 price target on the stock. The analysts noted that the move was a valuation call.

Energy Developments Limited (ASX:ENE) remained flat at A$5.910 during during mid-day trading trading on Thursday. 13,432 shares of the company’s stock traded hands. Energy Developments Limited has a one year low of A$3.020 and a one year high of A$6.590. The stock has a 50-day moving average of A$5.99 and a 200-day moving average of A$5.52. The company has a market cap of A$964.4 million and a P/E ratio of 17.85.

Energy Developments Limited (ASX:ENE) is an international provider of low greenhouse gas emissions energy and remote energy solutions.

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