ENI (ETR:ENI) PT Set at €9.00 by Berenberg Bank

Berenberg Bank set a €9.00 ($10.47) price objective on ENI (ETR:ENI) in a report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Sanford C. Bernstein set a €11.00 ($12.79) target price on ENI and gave the stock a neutral rating in a report on Tuesday. Barclays set a €9.30 ($10.81) target price on ENI and gave the stock a sell rating in a report on Thursday, March 19th. Credit Suisse Group set a €13.50 ($15.70) target price on ENI and gave the stock a neutral rating in a report on Thursday, March 12th. UBS Group set a €10.75 ($12.50) target price on ENI and gave the stock a buy rating in a report on Thursday, March 19th. Finally, Morgan Stanley set a €6.00 ($6.98) target price on ENI and gave the stock a sell rating in a report on Friday, March 20th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of €11.51 ($13.38).

Shares of ETR ENI opened at €8.70 ($10.11) on Tuesday. ENI has a 12-month low of €6.28 ($7.31) and a 12-month high of €16.02 ($18.63). The company has a market cap of $31.71 billion and a PE ratio of 217.40. The stock has a 50 day simple moving average of €10.51 and a 200-day simple moving average of €13.02. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 62.98.

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.

Further Reading: Inverted Yield Curve

Analyst Recommendations for ENI (ETR:ENI)

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