Companhia Energetica de Minas Gerais-Cemig ADR (CIG) Social Stream
ENERGY CO OF MINAS GERAIS (CIG) Price Targets From Analysts
Use the tables below to see what analysts covering ENERGY CO OF MINAS GERAIS think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-12-09 | 1 | $2.9 | $2.9 | $2.9 | $2.32 | 25% |
| 2022-05-04 | 1 | $3 | $3 | $3 | $2.32 | 29.31% |
| 2022-05-12 | 1 | $2.3 | $2.3 | $2.3 | $2.32 | -0.86% |
| 2022-05-16 | 1 | $2.076 | $2.076 | $2.076 | $2.32 | -10.52% |
| 2022-09-17 | 1 | $2.7 | $2.7 | $2.7 | $2.32 | 16.38% |
| 2023-05-05 | 1 | $2.5 | $2.5 | $2.5 | $2.32 | 7.76% |
Price Target Last Issued May 4, 2022
The Trend in the Analyst Price Target
Over the past 51 weeks, CIG's average price target has gone down $0.2.
CIG reports an average of 13.86% for its upside potential over the past 46 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-08-15 | 1 | 2.7 | 2.7 | 2.7 | 2.47 | 9.31% |
| 2022-09-13 | 1 | 2.7 | 2.7 | 2.7 | 2.30 | 17.39% |
| 2022-09-17 | 1 | 2.7 | 2.7 | 2.7 | 2.20 | 22.73% |
| 2022-11-04 | 1 | 2.5 | 2.5 | 2.5 | 2.34 | 6.84% |
| 2023-01-26 | 1 | 2.5 | 2.5 | 2.5 | 2.21 | 13.12% |
CIG Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 1 | 0 | 0 | 1 |
The Trend in the Broker Recommendations
Over the past 14 months, CIG's average broker recommendation rating improved by 0.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- CIG has a higher number of analysts covering the stock than nearly none of all US stocks.
- In terms of how ENERGY CO OF MINAS GERAIS fares relative to all US stocks, note that its variance in analysts' estimates is lower than just about 100% of that group.
- ENERGY CO OF MINAS GERAIS's average analyst price target is greater than 1.25% of stocks in the large market cap category.
- CIG has a greater upside potential (average analyst target price relative to current price) than 225.87% of Utilities stocks.
Stocks similar to ENERGY CO OF MINAS GERAIS in the Utilities industry regarding analyst recommendations and price targets are FTS, VST, and AQN.
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