DZ BANK AG Remains a Buy on ENI S.p.A. (0N9S)

In a report released on March 20, Werner Eisenmann from DZ BANK AG maintained a Buy rating on ENI S.p.A.. The company’s shares closed last Friday at €23.62.

Claim 30% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Eisenmann is a 5-star analyst with an average return of 12.6% and a 67.11% success rate. Eisenmann covers the Utilities sector, focusing on stocks such as RWE AG, E.ON SE, and Enel S.p.A..

Currently, the analyst consensus on ENI S.p.A. is a Moderate Buy with an average price target of €21.00, which is a -11.09% downside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to a Buy with a €26.00 price target.

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 68 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.