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Abengoa Yield PLC (NYSE:ABY) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday.

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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