| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 11/24/2023 | 19.82% | B of A Securities | $3.2 → $2.6 | Downgrades | Buy → Neutral |
| 11/01/2023 | 33.64% | HSBC | → $2.9 | Upgrades | Hold → Buy |
| 09/20/2023 | — | B of A Securities | Upgrades | Neutral → Buy | |
| 11/14/2019 | — | Goldman Sachs | Initiates Coverage On | → Buy |
What is the target price for Cia Energetica DE Minas (CIG)?
The latest price target for Cia Energetica DE Minas (NYSE: CIG) was reported by B of A Securities on November 24, 2023. The analyst firm set a price target for $2.60 expecting CIG to rise to within 12 months (a possible 19.82% upside). 3 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cia Energetica DE Minas (CIG)?
The latest analyst rating for Cia Energetica DE Minas (NYSE: CIG) was provided by B of A Securities, and Cia Energetica DE Minas downgraded their neutral rating.
When is the next analyst rating going to be posted or updated for Cia Energetica DE Minas (CIG)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cia Energetica DE Minas, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cia Energetica DE Minas was filed on November 24, 2023 so you should expect the next rating to be made available sometime around November 24, 2024.
Is the Analyst Rating Cia Energetica DE Minas (CIG) correct?
While ratings are subjective and will change, the latest Cia Energetica DE Minas (CIG) rating was a downgraded with a price target of $3.20 to $2.60. The current price Cia Energetica DE Minas (CIG) is trading at is $2.17, which is out of the analyst's predicted range.