Acciona (OTCMKTS:ACXIF) Price Target Cut to €38.00 by Analysts at Societe Generale

Acciona (OTCMKTS:ACXIFGet Rating) had its price objective reduced by Societe Generale from €43.20 ($44.08) to €38.00 ($38.78) in a research report report published on Monday, The Fly reports. They currently have a hold rating on the stock.

Several other brokerages have also recently commented on ACXIF. Citigroup cut shares of Acciona from a neutral rating to a sell rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Acciona from €38.00 ($38.78) to €44.00 ($44.90) and gave the stock an overweight rating in a report on Wednesday, August 24th. Royal Bank of Canada upped their price target on shares of Acciona from €185.00 ($188.78) to €190.00 ($193.88) and gave the company a sector perform rating in a report on Wednesday, September 28th. Grupo Santander downgraded shares of Acciona from an outperform rating to a neutral rating in a report on Tuesday, September 20th. Finally, Barclays upped their price target on shares of Acciona from €175.00 ($178.57) to €201.00 ($205.10) in a report on Monday, August 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Acciona presently has an average rating of Hold and a consensus target price of $118.25.

Acciona Stock Performance

Shares of Acciona stock opened at $180.00 on Monday. The company’s fifty day simple moving average is $176.78 and its 200-day simple moving average is $187.54. Acciona has a 1-year low of $154.24 and a 1-year high of $216.65.

Acciona Company Profile

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Acciona, SA, together with its subsidiaries, engages in the energy, infrastructure, and other businesses in Spain and internationally. The company develops, constructs, operates, and maintains wind, solar photovoltaic, solar thermal, hydro, and biomass plants. It also engages in designing, construction, maintenance, and management of infrastructure projects, including bridges, highways, motorways, roads, tunnels, railway, and metros and trams, as well as ports and water channels, airports, freight forwarding, data centers, substations, and transmission lines.

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