ENI (ETR:ENI) Given a €16.50 Price Target at Berenberg Bank

ENI (ETR:ENIGet Rating) received a €16.50 ($17.01) target price from equities researchers at Berenberg Bank in a note issued to investors on Thursday, Borsen Zeitung reports. Berenberg Bank’s price target suggests a potential upside of 44.16% from the company’s current price.

Several other brokerages have also recently commented on ENI. Morgan Stanley set a €15.40 ($15.88) target price on ENI in a report on Wednesday, May 11th. UBS Group set a €17.50 ($18.04) price target on ENI in a report on Monday. set a €15.70 ($16.19) price target on ENI in a report on Monday. Royal Bank of Canada set a €17.00 ($17.53) price target on ENI in a report on Friday, July 29th. Finally, The Goldman Sachs Group set a €18.00 ($18.56) price target on ENI in a report on Monday.

ENI Price Performance

Shares of ENI stock traded up €0.04 ($0.04) during trading hours on Thursday, hitting €11.45 ($11.80). 26,617 shares of the company’s stock were exchanged, compared to its average volume of 27,056. The stock’s 50-day moving average is €12.19 and its 200-day moving average is €13.01. The company has a debt-to-equity ratio of 62.72, a current ratio of 1.31 and a quick ratio of 0.61. The stock has a market cap of $40.52 billion and a price-to-earnings ratio of 4.85. ENI has a 52 week low of €10.01 ($10.32) and a 52 week high of €14.80 ($15.26).

ENI Company Profile

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Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects.

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