Stock Rating Runner: UBS AG Gives Eni (BIT:ENI) Higher Rating. What Is Next?

November 30, 2016 - By Vivian Park

Stock Rating Runner:  UBS AG Gives Eni (BIT:ENI) Higher Rating. What Is Next?

Eni (BIT:ENI) Upgrade

Eni (BIT:ENI)‘s rating was upgraded by equity analysts at UBS AG to a “Buy”. They have a TP of EUR 15.50 on ENI. UBS AG’s TP would suggest a potential upside of 23.02% from the stock’s last stock close price.

Eni SpA (BIT:ENI) Ratings Coverage

Out of 14 analysts covering Eni (BIT:ENI), 7 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 50% are positive. €19 is the highest target while €11 is the lowest. The €14.73 average target is 12.79% above today’s (€13.06) stock price. Eni has been the topic of 45 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Deutsche Bank upgraded Eni SpA (BIT:ENI) rating on Wednesday, October 19. Deutsche Bank has “Buy” rating and €15.25 price target. The stock of Eni SpA (BIT:ENI) earned “Buy” rating by UBS on Tuesday, March 22. The firm has “Underperform” rating given on Tuesday, February 2 by BNP Paribas. Societe Generale maintained the shares of ENI in a report on Tuesday, November 1 with “Hold” rating. On Tuesday, April 5 the stock rating was maintained by Deutsche Bank with “Hold”. UBS upgraded it to “Buy” rating and €16 target price in Tuesday, August 2 report. The firm has “Buy” rating given on Tuesday, September 1 by UBS. The firm earned “Buy” rating on Thursday, April 14 by Goldman Sachs. The stock has “Hold” rating given by Independent Research on Saturday, January 9. The stock of Eni SpA (BIT:ENI) earned “Buy” rating by Citigroup on Saturday, October 8.

Eni SpA (BIT:ENI) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Eni SpA is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The company has a market cap of 47.46 billion EUR. The Company’s divisions include Exploration & Production, Gas & Power, and Refining & Marketing. It currently has negative earnings. The Company’s Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG operations.

Another recent and important Eni SpA (BIT:ENI) news was published by Wsj.com which published an article titled: “BP to Buy 10% Stake in Eni’s Giant Zohr Gas Field Off Egypt Coast” on November 25, 2016.

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