Berenberg Bank Reiterates “€10.00” Price Target for Encavis (ETR:CAP)

Berenberg Bank set a €10.00 ($11.63) price objective on Encavis (ETR:CAP) in a research note published on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

CAP has been the topic of several other reports. Jefferies Financial Group set a €10.00 ($11.63) price objective on Encavis and gave the company a neutral rating in a research note on Friday, March 20th. DZ Bank reaffirmed a buy rating on shares of Encavis in a research report on Friday, January 10th.

Shares of ETR:CAP opened at €9.95 ($11.57) on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 239.26. The stock’s fifty day simple moving average is €10.08 and its two-hundred day simple moving average is €9.41. Encavis has a 1-year low of €5.86 ($6.81) and a 1-year high of €11.74 ($13.65). The stock has a market cap of $1.31 billion and a PE ratio of 320.97.

About Encavis

Encavis AG, an independent power producer, engages in the acquisition, construction, operation, and installation of solar and onshore wind parks. It operates through PV Parks, PV Service, Wind Parks, and Asset Management segments. The company operates 173 solar parks and 67 wind parks with an installed capacity of approximately 1.9 gigawatt (GW) in Germany, Italy, France, the United Kingdom, Austria, Finland, Sweden, Denmark, and the Netherlands.

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