Societe Generale Reiterates “€6.00” Price Target for Enel (ENEL)
Enel (BIT:ENEL) received a €6.00 ($7.14) price target from stock analysts at Societe Generale in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. Societe Generale’s target price would indicate a potential upside of 11.73% from the stock’s previous close.
A number of other brokerages have also commented on ENEL. HSBC set a €5.80 ($6.90) target price on Enel and gave the company a “buy” rating in a research note on Thursday. Credit Suisse Group set a €6.00 ($7.14) target price on Enel and gave the company a “buy” rating in a research note on Friday. Goldman Sachs Group set a €6.10 ($7.26) target price on Enel and gave the company a “buy” rating in a research note on Thursday, September 14th. Royal Bank Of Canada set a €5.50 ($6.55) target price on Enel and gave the company a “neutral” rating in a research note on Tuesday, September 5th. Finally, Macquarie set a €5.50 ($6.55) target price on Enel and gave the company a “buy” rating in a research note on Monday, September 25th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of €5.73 ($6.82).
Shares of Enel (BIT ENEL) traded down €0.09 ($0.11) during mid-day trading on Friday, hitting €5.37 ($6.39). The stock had a trading volume of 37,600,000 shares, compared to its average volume of 25,420,000. Enel has a one year low of €3.72 ($4.43) and a one year high of €5.49 ($6.54).
Enel Company Profile
Enel SpA (Enel) is a multinational energy company and a global integrated operator in the electricity and gas industries with a focus on Europe and Latin America. The Company’s segments include Italy, Iberian Peninsula, Latin America, Eastern Europe, Renewable Energy and Other. The Company’s divisions include Generation, Trading, Infrastructure and Networks, Upstream Gas and Renewable Energy.
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