Engie (EPA:ENGI) has been assigned a €16.30 ($18.95) price objective by equities research analysts at Goldman Sachs Group in a report issued on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s target price indicates a potential upside of 10.85% from the company’s previous close.
A number of other brokerages also recently issued reports on ENGI. Kepler Capital Markets set a €15.50 ($18.02) price target on shares of Engie and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein set a €16.00 ($18.60) price target on shares of Engie and gave the stock a “buy” rating in a research note on Friday, December 6th. Deutsche Bank set a €15.50 ($18.02) price target on shares of Engie and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Berenberg Bank set a €18.00 ($20.93) price objective on shares of Engie and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Credit Suisse Group set a €15.30 ($17.79) price objective on shares of Engie and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Engie has an average rating of “Buy” and an average target price of €16.18 ($18.81).
Shares of Engie stock opened at €14.71 ($17.10) on Friday. Engie has a 52-week low of €12.16 ($14.14) and a 52-week high of €15.16 ($17.63). The company has a 50 day moving average of €14.49 and a 200 day moving average of €13.93.
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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