Companhia Energetica de Minas Gerais-Cemig ADR (CIG) Social Stream
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 | $2.13 | 36.15% |
| 2022-05-04 | 1 | $3 | $3 | $3 | $2.13 | 40.85% |
| 2022-05-12 | 1 | $2.3 | $2.3 | $2.3 | $2.13 | 7.98% |
| 2022-05-16 | 1 | $2.076 | $2.076 | $2.076 | $2.13 | -2.54% |
| 2022-09-17 | 1 | $2.7 | $2.7 | $2.7 | $2.13 | 26.76% |
| 2023-05-05 | 1 | $2.5 | $2.5 | $2.5 | $2.13 | 17.37% |
| 2023-09-19 | 2 | $2.5 | $2.5 | $2.5 | $2.13 | 17.37% |
| 2023-09-20 | 2 | $3.2 | $3.2 | $3.2 | $2.13 | 50.23% |
| 2023-09-27 | 2 | $3.2 | $3.2 | $3.2 | $2.13 | 50.23% |
| 2023-11-01 | 2 | $3.2 | $2.9 | $3.05 | $2.13 | 43.19% |
| NA | 2 | $NA | $NA | $NA | $2.13 | NA% |
Price Target Last Issued September 17, 2022
The Trend in the Analyst Price Target
Over the past 23 months, CIG's average price target has gone up $0.15.
CIG reports an average of 13.8% for its upside potential over the past 40 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-01-26 | 1 | 2.5 | 2.5 | 2.50 | 2.21 | 13.12% |
| 2023-05-05 | 2 | 2.5 | 2.5 | 2.50 | 2.37 | 5.49% |
| 2023-09-20 | 2 | 3.2 | 3.2 | 3.20 | 2.67 | 19.85% |
| 2023-09-27 | 2 | 3.2 | 3.2 | 3.20 | 2.43 | 31.69% |
| 2023-11-01 | 2 | 3.2 | 2.9 | 3.05 | 2.43 | 25.51% |
CIG Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1 | 2 | 0 | 0 | 0 | 0 | 2 |
The Trend in the Broker Recommendations
CIG's average broker recommendation rating improved by 2 over the prior 18 months.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for CIG as an investment opportunity.
- ENERGY CO OF MINAS GERAIS's number of analysts covering the stock is higher than 11.68% of all US stocks.
- In terms of how ENERGY CO OF MINAS GERAIS fares relative to Utilities stocks, note that its average analyst price target is greater than 2.44% of that group.
- In the context of stocks in the large market cap category, ENERGY CO OF MINAS GERAIS's variance in analysts' estimates is lower than 97.27% of them.
- ENERGY CO OF MINAS GERAIS's upside potential (average analyst target price relative to current price) is higher than 463.05% of Utilities stocks.
In the Utilities industry, FTS, VST, and AQN are the three stocks most similar to ENERGY CO OF MINAS GERAIS regarding the price target and analyst recommendation information presented here.
View All Top Stocks by Price Target
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