Merrill Lynch & Co. Inc. Gives Eni (BIT:ENI) a Higher Rating. Will Other Analysts Follow Suit?


Eni (BIT:ENI) Stock Upgrade

In a recent research report shared with investors and clients on Thursday, 10 December, Merrill Lynch & Co. Inc. has hiked shares of Eni (BIT:ENI) stock to a solid Buy and has established an estimated 52-week PT to EUR 18.50. This target is 31.58% from ENI’s current share price.

From a total of 4 analysts covering Eni (BIT:ENI) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is €19 while the lowest target price is €14.7. The mean of all analyst targets is €16.23 with a 7.08% above today’s (€13.99) stock price. Eni was the topic of 14 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on December 1 with “Hold” rating. Jefferies downgraded shares to “Underperform” rating and €11.50 target share price in a report from a September 12. UBS upgraded ENI stock in a recent report from October 27 to “Buy” rating. UBS upgraded the rating on September 9. UBS has a “Buy” rating and a €16.50 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on an October 3.

The stock increased 0.72% or EUR 0.1 on December 9, striking EUR 13.99. Approximately 22.00M shares of stock traded hands or Infinity% up from the average. Eni SpA (BIT:ENI) has declined 35.27% since May 7, 2015 and is downtrending. It has underperformed by 34.47% the S&P500.

 Merrill Lynch & Co. Inc. Gives Eni (BIT:ENI) a Higher Rating. Will Other Analysts Follow Suit?

Eni SpA is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products, commodity trading and oilfield services and engineering industries. The company has a market cap of 52.16 billion EUR.

According to Zacks Investment Research, “Enersis S.A., through its subsidiaries, generates and distributes electricity in Chile, Argentina and Peru. The company also develops real estate projects and provides engineering and other services that are principally an extension of its utility operations.” Get a free copy of the Zacks research report on Eni SpA (ENI).