Eni SpA (ETR:ENI) Given Consensus Rating of “Buy” by Brokerages

Eni SpA (ETR:ENI) has received a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is €18.12 ($21.07).

A number of research firms have recently issued reports on ENI. Goldman Sachs Group set a €20.00 ($23.26) price target on shares of ENI and gave the stock a “buy” rating in a research report on Friday, March 15th. Royal Bank of Canada set a €18.50 ($21.51) target price on shares of ENI and gave the company a “neutral” rating in a research note on Monday, March 18th. UBS Group set a €17.50 ($20.35) target price on shares of ENI and gave the company a “buy” rating in a research note on Monday, March 18th. Credit Suisse Group set a €20.50 ($23.84) target price on shares of ENI and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, HSBC set a €17.60 ($20.47) target price on shares of ENI and gave the company a “buy” rating in a research note on Wednesday, April 10th.

ENI stock opened at €14.60 ($16.98) on Friday. The business has a 50-day simple moving average of €14.18. The company has a debt-to-equity ratio of 59.89, a quick ratio of 1.09 and a current ratio of 1.31. ENI has a 1 year low of €13.42 ($15.61) and a 1 year high of €16.70 ($19.42). The company has a market cap of $53.15 billion and a P/E ratio of 12.31.

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 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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Analyst Recommendations for ENI (ETR:ENI)

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