Brokerages Set Encavis AG (CAP) Price Target at $7.62
Shares of Encavis AG (ETR:CAP) have been given an average recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is €7.62 ($8.86).
CAP has been the topic of a number of analyst reports. Commerzbank set a €6.20 ($7.21) target price on shares of Encavis and gave the stock a “neutral” rating in a report on Friday, September 21st. DZ Bank restated a “buy” rating on shares of Encavis in a report on Thursday, August 30th. Finally, Berenberg Bank set a €8.50 ($9.88) target price on shares of Encavis and gave the stock a “buy” rating in a report on Tuesday, September 4th.
Shares of CAP traded down €0.13 ($0.15) on Tuesday, reaching €5.97 ($6.94). The company’s stock had a trading volume of 110,272 shares, compared to its average volume of 216,837. Encavis has a twelve month low of €5.85 ($6.80) and a twelve month high of €7.15 ($8.31).
Encavis AG is a principal investment firm specializing in operation of solar and onshore-wind energy and parks. It does not focus on investing in Greenfield projects from scratch or take significant development or construction risk. It seeks to exit its investments between five years and seven years via IPO, trade sales, secondary purchases, or buy-backs.
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