Berenberg Bank Sticks to Its Hold Rating for ENI S.p.A. (0N9S)

Berenberg Bank analyst Henry Tarr maintained a Hold rating on ENI S.p.A. today and set a price target of €14.50.

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According to TipRanks, Tarr is a 3-star analyst with an average return of 2.8% and a 53.87% success rate. Tarr covers the Energy sector, focusing on stocks such as Shell (UK), ENI S.p.A., and BP p.l.c..

In addition to Berenberg Bank, ENI S.p.A. also received a Hold from TipRanks – Anthropic’s Anthropic Energy GB in a report issued yesterday. However, today, Barclays maintained a Buy 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.