Barclays Lowers Verbund (OTCMKTS:OEZVY) Price Target to €125.00

Verbund (OTCMKTS:OEZVYGet Rating) had its price objective reduced by Barclays from €126.00 ($128.57) to €125.00 ($127.55) in a report released on Tuesday morning, The Fly reports.

Several other brokerages have also issued reports on OEZVY. Cheuvreux raised shares of Verbund from a reduce rating to a hold rating in a report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft raised shares of Verbund from a hold rating to a buy rating in a report on Thursday, May 26th. Berenberg Bank lowered shares of Verbund from a buy rating to a hold rating in a report on Friday, August 19th. HSBC raised shares of Verbund from a hold rating to a buy rating in a report on Friday, July 8th. Finally, Societe Generale raised shares of Verbund from a sell rating to a buy rating in a report on Monday, June 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $102.50.

Verbund Stock Performance

Shares of OTCMKTS:OEZVY opened at $17.95 on Tuesday. The firm has a 50 day moving average of $20.70 and a 200-day moving average of $20.39. Verbund has a 12 month low of $16.79 and a 12 month high of $24.49.

Verbund (OTCMKTS:OEZVYGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $0.19 EPS for the quarter. The firm had revenue of $2.34 billion during the quarter.

About Verbund

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VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, electric utilities and industrial companies, and households and commercial customers in Austria and internationally. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments.

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