EDP Renováveis, S.A. (OTCMKTS:EDRVF) Given Average Recommendation of “Buy” by Analysts

EDP Renováveis, S.A. (OTCMKTS:EDRVF) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.90.

A number of research analysts have recently issued reports on EDRVF shares. UBS Group upgraded shares of EDP Renováveis from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 14th. assumed coverage on EDP Renováveis in a research report on Monday, June 28th. They set a “buy” rating on the stock. Citigroup began coverage on shares of EDP Renováveis in a report on Monday, June 28th. They issued a “buy” rating for the company. Societe Generale downgraded EDP Renováveis from a “buy” rating to a “hold” rating and set a $21.90 target price for the company. in a research note on Tuesday, July 13th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of EDP Renováveis in a research note on Tuesday, June 29th.

Shares of EDRVF remained flat at $$23.86 during trading hours on Thursday. The stock had a trading volume of 40 shares, compared to its average volume of 8,956. EDP Renováveis has a one year low of $15.88 and a one year high of $30.10. The company’s 50 day simple moving average is $22.99.

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.

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Analyst Recommendations for EDP Renováveis (OTCMKTS:EDRVF)

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