Enel (BIT:ENEL) has been assigned a €6.00 ($7.41) target price by stock analysts at Morgan Stanley in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 29.03% from the stock’s previous close.
Several other analysts also recently issued reports on the company. UBS Group set a €6.05 ($7.47) price objective on Enel and gave the stock a “buy” rating in a report on Monday, December 11th. Deutsche Bank set a €5.00 ($6.17) price objective on Enel and gave the stock a “neutral” rating in a report on Friday, November 10th. Societe Generale set a €6.00 ($7.41) price objective on Enel and gave the stock a “buy” rating in a report on Friday, December 1st. Goldman Sachs Group set a €6.30 ($7.78) price objective on Enel and gave the stock a “buy” rating in a report on Monday, January 15th. Finally, Credit Suisse Group set a €6.00 ($7.41) price objective on Enel and gave the stock a “buy” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of €5.86 ($7.23).
Shares of Enel (ENEL) traded down €0.03 ($0.04) during midday trading on Tuesday, reaching €4.65 ($5.74). 33,940,000 shares of the company’s stock were exchanged, compared to its average volume of 32,070,000. Enel has a 52 week low of €3.94 ($4.86) and a 52 week high of €5.59 ($6.90). The firm has a market cap of $47,320.00 and a P/E ratio of 19.38.
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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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