November 25, 2016 - By Peter Erickson
In a a research note sent to clients and investors on Friday, 25 November, stock analysts at UBS AG’s equities research division boosted Enel (BIT:ENEL)‘s stock to a Buy. They have a target price per share of EUR 4.70 on ENEL or 26.34% more upside.
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 €4.50 average target is 20.97% above today’s (€3.72) stock price. Enel has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Macquarie Research upgraded it to “Outperform” rating and €4.70 target price in Thursday, October 15 report. The stock of Enel S.p.A. (BIT:ENEL) earned “Buy” rating by Kepler Cheuvreux on Thursday, November 24. The firm earned “Buy” rating on Thursday, November 24 by Independent Research. S&P Research upgraded Enel S.p.A. (BIT:ENEL) rating on Friday, July 31. S&P Research has “Buy” rating and €4.70 price target. The stock of Enel S.p.A. (BIT:ENEL) has “Buy” rating given on Tuesday, January 26 by HSBC. On Friday, September 18 the stock rating was maintained by Goldman Sachs with “Neutral”. Independent Research upgraded the shares of ENEL in a report on Wednesday, January 6 to “Buy” rating. The rating was maintained by BNP Paribas with “Neutral” on Tuesday, November 22. Independent Research upgraded the shares of ENEL in a report on Tuesday, August 2 to “Buy” rating. The rating was downgraded by Citigroup on Thursday, July 23 to “Sell”.
Enel S.p.A. (BIT:ENEL) has declined 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 37.80 billion EUR. The Company’s divisions include Italy, Iberian Peninsula, Latin America, Eastern Europe, Renewable Energy and Other. It has a 12.76 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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