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GALP Energia SGPS (0B67) Receives a Buy from Berenberg Bank

GALP Energia SGPS (0B67) Receives a Buy from Berenberg Bank

In a report released yesterday, James Carmichael from Berenberg Bank maintained a Buy rating on GALP Energia SGPS, with a price target of €19.00. The company's shares closed yesterday at €16.32.
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According to TipRanks, Carmichael is an analyst with an average return of -16.0% and a 31.03% success rate. Carmichael covers the Energy sector, focusing on stocks such as GALP Energia SGPS, Energean, and Equinor ASA.
In addition to Berenberg Bank, GALP Energia SGPS also received a Buy from Jefferies's Giacomo Romeo in a report issued on June 29. However, yesterday, Barclays maintained a Hold rating on GALP Energia SGPS (LSE: 0B67).
0B67 market cap is currently €11.12B and has a P/E ratio of 11.65.
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