Italgas (OTCMKTS:ITGGF) Shares Up 3% – What’s Next?

Italgas S.p.A. (OTCMKTS:ITGGFGet Free Report)’s stock price rose 3% during trading on Wednesday . The company traded as high as $9.88 and last traded at $9.88. 798 shares traded hands during trading, a decline of 87% from the average daily volume of 5,920 shares. The stock had previously closed at $9.59.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ITGGF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Italgas in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Italgas in a research report on Wednesday, July 29th. Finally, Citigroup upgraded Italgas from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Italgas has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on ITGGF

Italgas Stock Performance

The company’s fifty day moving average price is $10.54 and its 200-day moving average price is $11.39.

Italgas Company Profile

(Get Free Report)

Italgas S.p.A. is one of Europe’s leading operators in the regulated natural gas distribution sector. Through its network of concessions, the company designs, constructs and manages pipelines, metering stations and related infrastructure to deliver safe, efficient gas supply to residential, commercial and industrial end users. Its core business activities include network maintenance, emergency response services, and meter installation and management, all under long-term regulated tariffs set by national authorities.

Established in Turin in 1837, Italgas is among the oldest gas distribution companies in Europe.

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