Abengoa Yield PLC Rating Increased to Overweight at Morgan Stanley (ABY)
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC initiated coverage on shares of Abengoa Yield PLC in a research note on Tuesday, July 29th. They set a “neutral” rating and a $40.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Abengoa Yield PLC in a research note on Tuesday, July 8th. They set a “buy” rating and a $46.00 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Abengoa Yield PLC in a research note on Tuesday, July 8th. They set a “buy” rating and a $43.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $44.40.
Abengoa Yield PLC (NYSE:ABY) traded up 4.04% on Wednesday, hitting $36.86. The stock had a trading volume of 86,412 shares. Abengoa Yield PLC has a 52 week low of $33.87 and a 52 week high of $40.98. The stock has a 50-day moving average of $37.83 and a 200-day moving average of $37.80. The company’s market cap is $2.911 billion.
Abengoa Yield plc is formed to serve as the primary vehicle through which Abengoa, SA (NYSE:ABY) will own, manage and acquire renewable energy, conventional power and electric transmission lines and other contracted revenue-generating assets, initially focused on North America (the United States and Mexico) and South America (Peru, Chile, Uruguay and Brazil), as well as Europe (Spain).
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