Enel S.p.A. Given “Hold” Rating at Banca IMI (ENEL)

Enel S.p.A. (BIT: ENEL)‘s stock had its “hold” rating reiterated by stock analysts at Banca IMI in a report issued on Tuesday, StockRatingsNetwork.com reports. They currently have a €2.70 ($3.51) target price on the stock.

Enel S.p.A. (BIT: ENEL) traded up 2.60% on Tuesday, hitting €3.0000. Enel S.p.A. has a 1-year low of €2.0200 and a 1-year high of €3.3000. The stock’s 50-day moving average is currently €2.80. The company has a market cap of €28.400 billion and a price-to-earnings ratio of 49.56.

Several other analysts have also recently commented on the stock. Analysts at Banca Akros reiterated a “hold” rating on shares of Enel S.p.A. in a research note to investors on Friday. They now have a €2.80 ($3.64) price target on the stock. Separately, analysts at ICBPI reiterated a “neutral” rating on shares of Enel S.p.A. in a research note to investors on Thursday, May 23rd. They now have a €2.84 ($3.69) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Enel S.p.A. in a research note to investors on Tuesday, May 21st. They now have a €2.60 ($3.38) price target on the stock.

One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of €2.84 ($3.69).

Enel SpA, is an Italy-based company engaged in the power and gas sectors. The Company produces, distributes, and sells electricity and natural gas across Europe, Russia, North America and Latin America.