Berenberg Bank Sticks to Their Hold Rating for ENI S.p.A. (0N9S)
In a report released today, Henry Tarr from Berenberg Bank maintained a Hold rating on ENI S.p.A., with a price target of €17.50.
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According to TipRanks, Tarr is a 4-star analyst with an average return of 5.0% and a 56.55% success rate. Tarr covers the Energy sector, focusing on stocks such as BP p.l.c., Shell (UK), and ENI S.p.A..
In addition to Berenberg Bank, ENI S.p.A. also received a Hold from Citi’s Alastair Syme in a report issued on March 2. However, yesterday, J.P. Morgan 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 December 31, the company reported a quarterly revenue of €20.62 billion and a net profit of €90 million. In comparison, last year the company earned a revenue of €23.92 billion and had a net profit of €230 million
Based on the recent corporate insider activity of 64 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.
Read More on GB:0N9S:
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