ENI (ETR:ENI) received a €7.00 ($7.87) price objective from equities researchers at Royal Bank of Canada in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 19.33% from the stock’s previous close.
ENI has been the topic of several other research reports. Berenberg Bank set a €9.00 ($10.11) price objective on shares of ENI and gave the stock a “neutral” rating in a report on Tuesday, March 24th. Morgan Stanley set a €7.70 ($8.65) target price on shares of ENI and gave the company a “neutral” rating in a report on Monday, April 20th. Goldman Sachs Group set a €12.00 ($13.48) target price on shares of ENI and gave the company a “buy” rating in a report on Wednesday, July 1st. Barclays set a €9.30 ($10.45) target price on shares of ENI and gave the company a “sell” rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. set a €8.50 ($9.55) target price on shares of ENI and gave the company a “sell” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of €10.50 ($11.79).
Shares of ETR ENI traded down €0.02 ($0.02) during midday trading on Monday, hitting €8.68 ($9.75). The company’s stock had a trading volume of 8,740 shares, compared to its average volume of 27,056. The business’s fifty day simple moving average is €8.64 and its two-hundred day simple moving average is €10.57. The company has a debt-to-equity ratio of 66.17, a current ratio of 1.15 and a quick ratio of 0.86. ENI has a 1 year low of €6.28 ($7.06) and a 1 year high of €14.92 ($16.76). The firm has a market capitalization of $31.00 billion and a price-to-earnings ratio of -8.03.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.
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