ENI (ENI) Received a €18.50 Target Price by UBS Group Analysts

ENI (ENI) Received a €18.50 Target Price by UBS Group Analysts

ENI (ETR:ENI) received a €18.50 ($21.51) price target from equities researchers at UBS Group in a note issued to investors on Monday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 32.48% from the company’s current price.

Several other research firms have also commented on ENI. Goldman Sachs Group set a €20.00 ($23.26) price objective on shares of ENI and gave the company a “buy” rating in a research note on Monday, October 1st. Deutsche Bank set a €18.50 ($21.51) price objective on shares of ENI and gave the company a “buy” rating in a research note on Wednesday, September 19th. JPMorgan Chase & Co. set a €16.00 ($18.60) price objective on shares of ENI and gave the company a “sell” rating in a research note on Wednesday, October 17th. Credit Suisse Group set a €20.20 ($23.49) price objective on shares of ENI and gave the company a “buy” rating in a research note on Wednesday, October 17th. Finally, HSBC set a €19.50 ($22.67) price objective on shares of ENI and gave the company a “buy” rating in a research note on Wednesday, October 17th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of €18.19 ($21.15).

Shares of ETR ENI opened at €13.96 ($16.24) on Monday. ENI has a fifty-two week low of €12.94 ($15.05) and a fifty-two week high of €15.44 ($17.95).

About ENI

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 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.

Further Reading: What is a Leveraged Buyout (LBO)?

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