Rating Change: Is Enel (BIT:ENEL) a Buy? How Analyst Rate it? Why Kepler Cheuvreux Upgraded The Stock

November 24, 2016 - By Ruchi Gupta

Rating Change:  Is Enel (BIT:ENEL) a Buy? How Analyst Rate it? Why Kepler Cheuvreux Upgraded The Stock

Enel (BIT:ENEL) Upgrade

In a an analyst report sent to investors on Thursday morning, Kepler Cheuvreux has increased Enel (BIT:ENEL) stock to a Buy and has set an estimated 12-month TP at EUR 4.60. Kepler Cheuvreux’s target is 22.67% from ENEL’s last price.

Enel S.p.A. (BIT:ENEL) Ratings Coverage

Out of 12 analysts covering Enel (BIT:ENEL), 9 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 75% are positive. €5.10 is the highest target while €3.70 is the lowest. The €4.52 average target is 20.53% above today’s (€3.75) stock price. Enel has been the topic of 26 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Independent Research upgraded it to “Buy” rating and €4.90 target price in Tuesday, August 25 report. The company was upgraded on Thursday, November 24 by Kepler Cheuvreux. Macquarie Research upgraded the stock to “Outperform” rating in Saturday, April 2 report. UBS upgraded the stock to “Buy” rating in Thursday, January 14 report. The company was downgraded on Thursday, July 23 by Citigroup. The firm earned “Sell” rating on Thursday, November 5 by Goldman Sachs. The stock of Enel S.p.A. (BIT:ENEL) earned “Outperform” rating by Macquarie Research on Thursday, October 15. The rating was upgraded by Independent Research to “Buy” on Wednesday, January 6. Independent Research upgraded Enel S.p.A. (BIT:ENEL) on Friday, March 25 to “Buy” rating. The stock has “Buy” rating given by Oddo & Cie on Thursday, June 30.

It is up 2.38% since March 18, 2016 and is downtrending. It has underperformed by 7.79% the S&P500.

Enel SpA is a multinational energy firm and a global integrated operator in the electricity and gas industries with a focus on Europe and Latin America. The company has a market cap of 38.10 billion EUR. The Company’s divisions include Italy, Iberian Peninsula, Latin America, Eastern Europe, Renewable Energy and Other. It has a 12.86 P/E ratio. The Company’s divisions include Generation, Trading, Infrastructure and Networks, Upstream Gas and Renewable Energy.

More recent Enel S.p.A. (BIT:ENEL) news were published by: Bloomberg.com which released: “Enel to Buy Back Stake in Renewables Unit to Boost Growth” on November 18, 2015. Also Moodys.com published the news titled: “Moody’s affirms Enel’s Baa2 ratings; outlook stable” on February 13, 2016. Bloomberg.com‘s news article titled: “Enel Earnings Drop on Currency Moves, Power Plant Profits” with publication date: February 09, 2016 was also an interesting one.

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