EDP Renováveis (OTCMKTS:EDRVF) Given New €23.90 Price Target at Barclays

EDP Renováveis (OTCMKTS:EDRVFGet Rating) had its price objective hoisted by Barclays from €20.10 ($20.51) to €23.90 ($24.39) in a report released on Tuesday, The Fly reports. The firm currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group initiated coverage on EDP Renováveis in a report on Tuesday, June 28th. They issued a buy rating for the company. Societe Generale increased their price objective on EDP Renováveis from €21.00 ($21.43) to €22.00 ($22.45) and gave the stock a sell rating in a report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, EDP Renováveis has an average rating of Hold and an average price target of $23.84.

EDP Renováveis Stock Performance

EDRVF opened at $23.95 on Tuesday. The stock has a fifty day simple moving average of $25.62 and a two-hundred day simple moving average of $24.38. EDP Renováveis has a 12-month low of $19.20 and a 12-month high of $28.15.

About EDP Renováveis

(Get Rating)

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.

Further Reading

The Fly logo

Analyst Recommendations for EDP Renováveis (OTCMKTS:EDRVF)

Receive News & Ratings for EDP Renováveis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EDP Renováveis and related companies with MarketBeat.com's FREE daily email newsletter.