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Ping covers the Utilities sector, focusing on stocks such as Centrica, National Grid, and Drax Group plc. According to TipRanks, Ping has an average return of 7.3% and a 60.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EDP Renovaveis with a $17.55 average price target, a 25.09% upside from current levels. In a report released on May 26, Jefferies also maintained a Buy rating on the stock with a €16.60 price target.
Based on EDP Renovaveis’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €556.35 million and a net profit of €41.52 million. In comparison, last year the company earned a revenue of €577.65 million and had a net profit of €142.06 million
