Repsol (OTCMKTS:REPYY) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Repsol SA (OTCMKTS:REPYY)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $33.11 and traded as high as $34.44. Repsol shares last traded at $34.44, with a volume of 56,901 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on REPYY shares. UBS Group set a $90.00 price target on shares of Repsol in a research note on Friday, September 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of Repsol in a research report on Thursday, September 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Repsol in a research note on Friday, July 24th. Zacks Research raised Repsol from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Finally, HSBC reaffirmed a “buy” rating and issued a $85.00 target price on shares of Repsol in a research report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.50.

Repsol Stock Up 4.5%

The company has a market cap of $38.07 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.22 and a beta of 0.07. The business has a 50-day simple moving average of $33.11 and a two-hundred day simple moving average of $27.32.

About Repsol

Repsol, SA is a Spain-based, integrated energy company engaged in the exploration, production, refining, distribution and marketing of energy products. Its operations include oil and natural gas exploration and production, refining, fuel distribution, service stations, lubricants, liquefied petroleum gas and petrochemicals.

The company also develops lower-carbon businesses, including renewable power generation, renewable fuels, hydrogen and energy solutions for residential and industrial customers.