Sanford C. Bernstein Reiterates Outperform Rating for Galp Energia SGPS SA (GALP)

Sanford C. Bernstein reissued their outperform rating on shares of Galp Energia SGPS SA (ELI: GALP) in a research note released on Thursday morning, StockRatingsNetwork.com reports. They currently have a €19.00 ($24.68) target price on the stock.

Shares of Galp Energia SGPS SA (ELI: GALP) traded up 0.77% during mid-day trading on Thursday, hitting €12.405. Galp Energia SGPS SA has a 52 week low of €8.33 and a 52 week high of €13.285. The stock’s 50-day moving average is currently €0..

GALP has been the subject of a number of other recent research reports. Analysts at Grupo Santander reiterated a buy rating on shares of Galp Energia SGPS SA in a research note to investors on Tuesday, May 21st. They now have a €15.00 ($19.48) price target on the stock. Separately, analysts at BPI reiterated a buy rating on shares of Galp Energia SGPS SA in a research note to investors on Monday, May 20th. They now have a €16.80 ($21.82) price target on the stock. Finally, analysts at BNP Paribas initiated coverage on shares of Galp Energia SGPS SA in a research note to investors on Thursday, May 16th. They set an outperform rating and a €17.00 ($22.08) price target on the stock.

One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of €14.96 ($19.43).

Galp Energia SGPS SA (ELI: GALP) is a Portugal-based holding company engaged in the oil and gas industry.

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