ENI (ETR:ENI) has been assigned a €17.00 ($19.77) target price by analysts at HSBC in a research report issued on Wednesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s price target indicates a potential upside of 28.91% from the company’s previous close.
Several other research analysts also recently weighed in on ENI. Deutsche Bank set a €17.00 ($19.77) price target on shares of ENI and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Credit Suisse Group set a €18.10 ($21.05) price objective on shares of ENI and gave the company a “buy” rating in a report on Monday, July 29th. Berenberg Bank set a €18.00 ($20.93) price objective on shares of ENI and gave the company a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada set a €17.00 ($19.77) price objective on shares of ENI and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, UBS Group set a €17.50 ($20.35) price objective on shares of ENI and gave the company a “buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of €17.58 ($20.44).
Shares of ENI stock traded down €0.21 ($0.24) during trading hours on Wednesday, reaching €13.19 ($15.33). The stock had a trading volume of 49,361 shares, compared to its average volume of 27,056. The company’s 50 day simple moving average is €14.39. The stock has a market cap of $48.15 billion and a price-to-earnings ratio of 13.79. ENI has a twelve month low of €13.42 ($15.61) and a twelve month high of €16.70 ($19.42). The company has a quick ratio of 1.05, a current ratio of 1.30 and a debt-to-equity ratio of 60.82.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.
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