Enel (OTCMKTS:ENLAY) Price Target Cut to €8.50 by Analysts at Barclays

Enel (OTCMKTS:ENLAYGet Rating) had its price objective decreased by Barclays from €9.20 ($9.68) to €8.50 ($8.95) in a research report released on Wednesday morning, The Fly reports. Barclays currently has an overweight rating on the utilities provider’s stock.

Other research analysts have also issued research reports about the stock. UBS Group lowered their price objective on shares of Enel from €9.50 ($10.00) to €9.00 ($9.47) in a research note on Friday, April 29th. Morgan Stanley decreased their price target on shares of Enel from €9.00 ($9.47) to €7.20 ($7.58) in a research note on Friday, March 11th. Royal Bank of Canada lifted their price target on shares of Enel from €9.25 ($9.74) to €9.75 ($10.26) in a research note on Monday, June 13th. Credit Suisse Group decreased their price target on shares of Enel from €9.20 ($9.68) to €8.30 ($8.74) in a research note on Thursday, February 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Enel from €9.20 ($9.68) to €9.00 ($9.47) in a research note on Thursday, April 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Enel presently has a consensus rating of Moderate Buy and a consensus price target of $8.63.

OTCMKTS ENLAY opened at $5.59 on Wednesday. The firm has a 50 day simple moving average of $6.25 and a 200-day simple moving average of $6.87. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 0.87. Enel has a one year low of $5.45 and a one year high of $9.65. The firm has a market cap of $56.83 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.35 and a beta of 0.68.

About Enel (Get Rating)

Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs, operates, manages, and maintains generation plants and distribution grids; and designs, constructs, and operates merchant lines.

Featured Articles

The Fly logo

Analyst Recommendations for Enel (OTCMKTS:ENLAY)

Want More Great Investing Ideas?

Receive News & Ratings for Enel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enel and related companies with MarketBeat.com's FREE daily email newsletter.