BNP Paribas Upgrades EDP Renováveis (OTCMKTS:EDRVF) to “Buy”

BNP Paribas upgraded shares of EDP Renováveis (OTCMKTS:EDRVF) to a buy rating in a report issued on Wednesday, TipRanks reports. BNP Paribas currently has $23.50 price target on the stock.

Other analysts have also recently issued reports about the company. UBS Group restated a neutral rating on shares of EDP Renováveis in a research note on Monday, October 18th. The Goldman Sachs Group lowered EDP Renováveis from a conviction-buy rating to a buy rating in a report on Tuesday, November 2nd. Societe Generale lowered EDP Renováveis from a hold rating to a sell rating in a report on Friday, November 19th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of EDP Renováveis in a report on Friday, October 1st. Finally, Exane BNP Paribas raised EDP Renováveis from a neutral rating to an outperform rating and set a €23.50 ($26.70) price objective on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $22.95.

EDP Renováveis stock opened at $22.50 on Wednesday. EDP Renováveis has a 1-year low of $19.43 and a 1-year high of $30.10. The stock’s fifty day moving average is $24.74 and its two-hundred day moving average is $24.81.

EDP Renováveis Company Profile

EDP Renovaveis SA operates as a renewable energy company, which engages in the development, construction, and operation of wind farms and solar plants. The firm generates energy from renewable sources in several locations. It operates through the following geographical business segments: Europe, North America, and Brazil.

See Also: Moving Average Convergence Divergence (MACD)

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's FREE daily email newsletter.