Engie (EPA:ENGI) has been assigned a €16.00 ($18.60) target price by research analysts at Royal Bank of Canada in a report released on Thursday. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 18.17% from the stock’s current price.
A number of other research analysts also recently commented on the company. Goldman Sachs Group set a €14.00 ($16.28) price target on Engie and gave the company a “neutral” rating in a report on Monday. Kepler Capital Markets set a €15.20 ($17.67) price target on Engie and gave the company a “buy” rating in a report on Monday. BNP Paribas set a €16.60 ($19.30) price target on Engie and gave the company a “buy” rating in a report on Friday, September 21st. JPMorgan Chase & Co. set a €17.00 ($19.77) price target on Engie and gave the company a “buy” rating in a report on Thursday, September 20th. Finally, HSBC set a €11.90 ($13.84) price target on Engie and gave the company a “sell” rating in a report on Thursday, September 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €15.20 ($17.67).
Shares of ENGI opened at €13.54 ($15.74) on Thursday. Engie has a one year low of €12.16 ($14.14) and a one year 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, 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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