EDP Renováveis, S.A. (OTCMKTS:EDRVF) Receives Average Rating of “Hold” from Analysts

Shares of EDP Renováveis, S.A. (OTCMKTS:EDRVF – Get Rating) have been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.73.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on EDP Renováveis from €23.50 ($24.74) to €24.50 ($25.79) in a report on Friday, April 8th. Oddo Bhf upgraded EDP Renováveis from an “underperform” rating to a “neutral” rating in a report on Thursday, February 17th. Kepler Capital Markets raised EDP Renováveis to a “buy” rating and set a $27.50 target price on the stock in a research report on Friday, January 14th. Exane BNP Paribas cut EDP Renováveis from an “outperform” rating to a “neutral” rating in a research report on Thursday, May 5th. Finally, BNP Paribas upgraded EDP Renováveis to a “buy” rating and set a $23.50 target price on the stock in a research note on Wednesday, January 12th.

Shares of EDRVF opened at $21.75 on Wednesday. EDP Renováveis has a 1 year low of $19.20 and a 1 year high of $28.15. The business has a 50-day moving average of $24.03 and a 200-day moving average of $23.78.

EDP Renováveis Company Profile (Get Rating)

EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity generating power stations. The company operates wind and solar farms. As of December 31, 2020, it had an installed capacity of 4,966 megawatts in Europe; 6,766 megawatts in North America; and 436 megawatts in Brazil.

See Also