Companhia Energetica de Minas Gerais-Cemig ADR (CIG) Social Stream



Companhia Energetica de Minas Gerais-Cemig ADR (CIG): $1.82

0.00 (0.00%)

POWR Rating

Component Grades

Momentum

NR

Stability

NR

Sentiment

Quality

NR

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Industry: Utilities - Foreign

Industry

NR

Ranked

#NR of 57

in industry

ENERGY CO OF MINAS GERAIS (CIG) Price Targets From Analysts

The tables below show the price targets and recommendations analysts covering CIG.

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 $2.4 20.83%
2022-05-04 1 $3 $3 $3 $2.4 25%
2022-05-12 1 $2.3 $2.3 $2.3 $2.4 -4.17%
2022-05-16 1 $2.076 $2.076 $2.076 $2.4 -13.5%
2022-09-17 1 $2.7 $2.7 $2.7 $2.4 12.5%
2023-05-05 1 $2.5 $2.5 $2.5 $2.4 4.17%
2023-09-19 2 $2.5 $2.5 $2.5 $2.4 4.17%
2023-09-20 2 $3.2 $3.2 $3.2 $2.4 33.33%
2023-09-27 2 $3.2 $3.2 $3.2 $2.4 33.33%
2023-11-01 2 $3.2 $2.9 $3.05 $2.4 27.08%
2023-11-22 2 $2.9 $2.6 $2.75 $2.4 14.58%
NA 2 $NA $NA $NA $2.4 NA%

Price Target Last Issued December 9, 2021

The Trend in the Analyst Price Target


Over the past 14 months, CIG's average price target has gone up $0.05.

Over the past 43 weeks, CIG's average upside potential has been 14.65%.

Date Number of Analysts Highest Target Price Lowest Target Price Average Target Price Share Price Upside Potential
2023-05-05 2 2.5 2.5 2.50 2.37 5.49%
2023-09-19 2 2.5 2.5 2.50 2.62 -4.58%
2023-09-20 2 3.2 3.2 3.20 2.67 19.85%
2023-11-01 2 3.2 2.9 3.05 2.43 25.51%
2023-11-22 2 2.9 2.6 2.75 2.28 20.61%

CIG Broker Recommendations Summary

Average Broker Rating Strong Buy Buy Hold Sell Strong Sell Analysts Issuing Recs
2 1 0 1 0 0 2

The Trend in the Broker Recommendations


Over the past 52 weeks, CIG's average broker recommendation rating improved by 2.

Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.

  • To contextualize these metrics, consider that out of all US stocks, ENERGY CO OF MINAS GERAIS's number of analysts covering the stock is higher than 14.15% of them.
  • CIG has a greater average analyst price target than 2.73% of Utilities stocks.
  • In terms of how ENERGY CO OF MINAS GERAIS fares relative to stocks in the large market cap category, note that its variance in analysts' estimates is lower than 94.32% of that group.
  • In terms of how ENERGY CO OF MINAS GERAIS fares relative to Utilities stocks, note that its upside potential (average analyst target price relative to current price) is higher than 411.33% of that group.

Stocks similar to ENERGY CO OF MINAS GERAIS in the Utilities industry regarding analyst recommendations and price targets are FTS, AQN, and AGR.

What is the outlook for CIG? Use POWR Ratings for clearer insight into price direction.


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