Royal Bank of Canada Reiterates “€16.00” Price Target for Engie (ENGI)

Royal Bank of Canada set a €16.00 ($18.60) price target on Engie (EPA:ENGI) in a report published on Wednesday. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. UBS Group set a €13.20 ($15.35) price target on Engie and gave the company a neutral rating in a research note on Wednesday. JPMorgan Chase & Co. set a €19.50 ($22.67) price target on Engie and gave the company a buy rating in a research note on Wednesday. Societe Generale set a €16.00 ($18.60) price target on Engie and gave the company a buy rating in a research note on Wednesday. Deutsche Bank set a €14.50 ($16.86) price target on Engie and gave the company a neutral rating in a research note on Friday, November 2nd. Finally, HSBC set a €12.50 ($14.53) price target on Engie and gave the company a neutral rating in a research note on Wednesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of €15.31 ($17.81).

ENGI stock opened at €13.54 ($15.74) on Wednesday. Engie has a twelve month low of €12.16 ($14.14) and a twelve month high of €15.16 ($17.63).

About Engie

ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through North America, Latin America, Africa/Asia, Benelux, France, Europe excluding France & Benelux, Infrastructures Europe, GEM & LNG, and Other segments. It engages in the generation and sale of power through nuclear, thermal, and biomass resources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure.

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