Rating Watching: Will Independent Research GmbH Upgrade Help Enel (BIT:ENEL) Stock Price Today?

November 24, 2016 - By Peter Kolinski

Rating Watching:  Will Independent Research GmbH Upgrade Help Enel (BIT:ENEL) Stock Price Today?

Enel (BIT:ENEL) Upgrade

Enel (BIT:ENEL)‘s rating was increased by research professionals at Independent Research GmbH to a “Buy” rating in a a report revealed to investors and clients on 24 November. The firm currently has a EUR 5.10 target price on the stock. Independent Research GmbH’s target price indicates a potential upside of 36.00%.

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 20.86% above today’s (€3.74) stock price. Enel has been the topic of 26 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Enel S.p.A. (BIT:ENEL) rating on Friday, September 18. Goldman Sachs has “Neutral” rating and €4.45 price target. The firm has “Buy” rating given on Thursday, November 24 by Kepler Cheuvreux. The rating was upgraded by Bank of America on Friday, September 4 to “Buy”. BNP Paribas maintained the stock with “Neutral” rating in Tuesday, November 22 report. The firm earned “Buy” rating on Tuesday, January 26 by HSBC. The stock has “Buy” rating given by Independent Research on Tuesday, August 25. The firm earned “Buy” rating on Thursday, November 19 by Independent Research. Independent Research upgraded Enel S.p.A. (BIT:ENEL) on Friday, March 25 to “Buy” rating. BNP Paribas maintained Enel S.p.A. (BIT:ENEL) rating on Tuesday, June 21. BNP Paribas has “Neutral” rating and €4 price target. The rating was upgraded by Macquarie Research on Thursday, October 15 to “Outperform”.

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 38.06 billion EUR. The Company’s divisions include Italy, Iberian Peninsula, Latin America, Eastern Europe, Renewable Energy and Other. It has a 12.85 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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