EDP Renováveis (OTCMKTS:EDRVF) Upgraded at BNP Paribas

BNP Paribas upgraded shares of EDP Renováveis (OTCMKTS:EDRVF) to a buy rating in a report published on Wednesday, TipRanks reports. The brokerage currently has $23.50 price target on the stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of EDP Renováveis in a report on Friday, October 1st. HSBC initiated coverage on EDP Renováveis in a research note on Thursday, October 7th. They set a buy rating for the company. The Goldman Sachs Group lowered EDP Renováveis from a conviction-buy rating to a buy rating in a research note on Tuesday, November 2nd. Royal Bank of Canada reiterated a sector perform rating on shares of EDP Renováveis in a research note on Monday, October 4th. Finally, UBS Group reiterated a neutral rating on shares of EDP Renováveis in a research note on Monday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $22.95.

OTCMKTS EDRVF opened at $22.50 on Wednesday. EDP Renováveis has a twelve month low of $19.43 and a twelve month high of $30.10. The stock has a 50-day moving average of $24.74 and a 200 day moving average of $24.81.

About EDP Renováveis

EDP Renovaveis SA operates as a renewable energy company, which engages in the development, construction, and operation of wind farms and solar plants. The firm generates energy from renewable sources in several locations. It operates through the following geographical business segments: Europe, North America, and Brazil.

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Analyst Recommendations for EDP Renováveis (OTCMKTS:EDRVF)

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