Galp Energia SGPS SA (GLPEY) Given Average Recommendation of “Hold” by Analysts
Galp Energia SGPS SA (OTCMKTS:GLPEY) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $8.75.
A number of equities research analysts recently weighed in on the stock. Deutsche Bank AG downgraded shares of Galp Energia SGPS SA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC cut shares of Galp Energia SGPS SA from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of Galp Energia SGPS SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th.
Shares of Galp Energia SGPS SA (GLPEY) traded up 2.50% during trading on Tuesday, hitting $8.21. 786 shares of the stock traded hands. The company has a market cap of $13.62 billion, a P/E ratio of 31.58 and a beta of 0.53. Galp Energia SGPS SA has a 1-year low of $6.08 and a 1-year high of $8.21. The stock has a 50-day moving average of $7.60 and a 200 day moving average of $7.54.
About Galp Energia SGPS SA
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