Engie (EPA:ENGI) received a €19.50 ($22.67) price objective from research analysts at JPMorgan Chase & Co. in a report released on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 21.88% from the company’s previous close.
A number of other equities analysts also recently issued reports on ENGI. Deutsche Bank set a €16.50 ($19.19) price target on shares of Engie and gave the company a “neutral” rating in a report on Tuesday. Barclays set a €17.00 ($19.77) target price on shares of Engie and gave the company a “neutral” rating in a report on Thursday. Credit Suisse Group set a €15.30 ($17.79) target price on shares of Engie and gave the company a “neutral” rating in a report on Friday, January 17th. Sanford C. Bernstein set a €16.80 ($19.53) target price on shares of Engie and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group set a €16.50 ($19.19) target price on shares of Engie and gave the company a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Engie has an average rating of “Buy” and a consensus target price of €16.73 ($19.46).
EPA:ENGI traded up €0.36 ($0.42) during trading hours on Thursday, reaching €16.00 ($18.60). 14,354,850 shares of the company’s stock were exchanged, compared to its average volume of 8,250,000. The company has a 50-day moving average of €15.63 and a 200 day moving average of €14.64. Engie has a 1-year low of €12.16 ($14.14) and a 1-year high of €15.16 ($17.63).
ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through North America, Latin America, Africa/Asia, Benelux, France, Europe excluding France & Benelux, Infrastructures Europe, GEM & LNG, and Other segments. It engages in the generation and sale of power through nuclear, thermal, solar, wind, biogas, and biomass resources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure.
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