Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Given Average Rating of “Reduce” by Brokerages

Shares of Naturgy Energy Group, S.A. (OTCMKTS:GASNYGet Rating) have earned an average rating of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $26.15.

Separately, Barclays increased their target price on shares of Naturgy Energy Group from €29.00 ($29.90) to €29.60 ($30.52) and gave the company an “equal weight” rating in a research report on Wednesday, May 18th.

Naturgy Energy Group Trading Down 3.1 %

Shares of OTCMKTS GASNY opened at $5.41 on Friday. The firm has a 50-day simple moving average of $5.72 and a 200-day simple moving average of $5.79. Naturgy Energy Group has a 52 week low of $4.74 and a 52 week high of $6.70.

About Naturgy Energy Group

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Naturgy Energy Group, SA, together with its subsidiaries, engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of natural gas. It operates through Energy and Network Management, Renewables and New Business, Supply, and Rest segments. The company engages in the regulated gas and electricity distribution; sale of liquefied natural gas and the sea transport business; management of the gas pipelines and conventional thermal generation facilities; and generation and sale of electricity through wind, mini-hydro, solar, and cogeneration sources, as well as provision of supply management services.

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