Analysts Set EDP Renováveis, S.A. (OTCMKTS:EDRVF) Price Target at $19.00

Shares of EDP Renováveis, S.A. (OTCMKTS:EDRVFGet Free Report) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.00.

A number of brokerages recently issued reports on EDRVF. Morgan Stanley raised shares of EDP Renováveis from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 5th. Societe Generale raised shares of EDP Renováveis from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st.

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EDP Renováveis Stock Up 0.1 %

Shares of EDRVF opened at $17.70 on Friday. EDP Renováveis has a 52-week low of $14.46 and a 52-week high of $24.39. The stock has a fifty day simple moving average of $16.28 and a two-hundred day simple moving average of $18.69.

EDP Renováveis Company Profile

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EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electric power generation plants. The company operates wind and solar farms. As of December 31, 2021, it had an installed capacity of 5,908 megawatts in the United States; 2,194 megawatts in Spain; 795 megawatts in Brazil; and 1,142 megawatts in Portugal.

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Analyst Recommendations for EDP Renováveis (OTCMKTS:EDRVF)

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