Deutsche Bank lowered shares of Eni S.p.A. (NYSE:E) from a buy rating to a hold rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Deutsche Bank has also updated their ratings on a number of other basic materials stocks in the last week. The firm initiated coverage on shares of 3D Systems. They issued a buy rating on that stock. Also, Deutsche Bank initiated coverage on shares of Neutral Tandem. They issued a hold rating on that stock and set a $26.00 price target. Finally, Deutsche Bank upgraded shares of Capital Product Partners L.P. from a hold rating to a buy rating. Deutsche Bank now has a $11.00 price target on that stock, up previously from $8.00.
A number of other firms have also recently commented on E. Analysts at HSBC initiated coverage on shares of Eni S.p.A. in a research note to investors on Friday, December 6th. They set a neutral rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Eni S.p.A. in a research note to investors on Thursday, November 14th. They set an underperform rating and a $18.75 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Eni S.p.A. from an overweight rating to an equal weight rating in a research note to investors on Monday, November 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $35.94.
Eni S.p.A. (NYSE:E) traded down 0.35% on Wednesday, hitting $45.25. The stock had a trading volume of 27,895 shares. Eni S.p.A. has a 52 week low of $39.65 and a 52 week high of $52.27. The stock has a 50-day moving average of $48.42 and a 200-day moving average of $45.92. The company has a market cap of $82.046 billion and a price-to-earnings ratio of 8.77.
Eni SpA (NYSE:E) is engaged in the oil and gas, power generation, petrochemicals, oilfield services and engineering industries.
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