Italgas (ITGGF) Expected to Post Earnings on Thursday

Italgas (OTCMKTS:ITGGF) is projected to announce its results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $0.2233 per share and revenue of $761.06 million for the quarter.

Italgas Stock Up 0.3%

Shares of ITGGF opened at $9.77 on Thursday. Italgas has a 1 year low of $9.16 and a 1 year high of $13.38. The stock has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $11.01.

Analysts Set New Price Targets

ITGGF has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Italgas in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Italgas in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Italgas Company Profile

Italgas S.p.A. is an Italian energy infrastructure company focused primarily on the distribution of natural gas. Through its operating subsidiaries, the company manages local gas distribution networks, connecting households, businesses and other customers to the gas supply system. Its activities include network operation and maintenance, metering, technical services and the development of digital solutions for distribution infrastructure.

Founded in Turin in 1837, Italgas is one of Europe’s oldest gas companies and has played a significant role in the development of Italy’s gas distribution system.