Engie (EPA:ENGI) has been assigned a €16.30 ($18.95) target price by equities researchers at Goldman Sachs Group in a research note issued to investors on Monday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 8.96% from the stock’s previous close.
Several other analysts have also recently commented on ENGI. Berenberg Bank set a €16.00 ($18.60) target price on Engie and gave the stock a “buy” rating in a report on Wednesday, September 4th. HSBC set a €14.00 ($16.28) target price on Engie and gave the stock a “neutral” rating in a report on Thursday, July 18th. Deutsche Bank set a €15.50 ($18.02) target price on Engie and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. set a €18.50 ($21.51) price target on Engie and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Kepler Capital Markets set a €15.50 ($18.02) price target on Engie and gave the company a “buy” rating in a research note on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Engie presently has a consensus rating of “Buy” and a consensus target price of €15.82 ($18.40).
Shares of ENGI stock opened at €14.96 ($17.40) on Monday. The business’s fifty day simple moving average is €14.44. Engie has a 52 week low of €12.16 ($14.14) and a 52 week high of €15.16 ($17.63).
ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through North America, Latin America, Africa/Asia, Benelux, France, Europe excluding France & Benelux, Infrastructures Europe, GEM & LNG, and Other segments. It engages in the generation and sale of power through nuclear, thermal, solar, wind, biogas, and biomass resources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure.
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