Barclays Reaffirms Their Buy Rating on ENI S.p.A. (0N9S)
In a report released today, Lydia Rainforth from Barclays maintained a Buy rating on ENI S.p.A., with a price target of €20.00.
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According to TipRanks, Rainforth is a 4-star analyst with an average return of 6.2% and a 59.19% success rate. Rainforth covers the Energy sector, focusing on stocks such as Shell (UK), ENI S.p.A., and BP p.l.c..
In addition to Barclays, ENI S.p.A. also received a Buy from Jefferies’s Mark Wilson in a report issued on January 8. However, yesterday, TipRanks – Anthropic initiated coverage with a Hold rating on ENI S.p.A. (LSE: 0N9S).
Based on ENI S.p.A.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €19.12 billion and a net profit of €543 million. In comparison, last year the company earned a revenue of €23.06 billion and had a net profit of €661 million
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0N9S in relation to earlier this year.
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