Comp En De Mn Cemig which can be found using ticker (CIG) have now 2 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 2.59 and 2.3 calculating the average target price we see $2.44. Now with the previous closing price of $2.29 this would imply there is now a potential upside of 6.6%. It’s also worth noting that there is a 50 day moving average of $2.07 while the 200 day moving average is $2.14. The company has a market capitalization of $6,060m. You can visit the company’s website by visiting: https://www.cemig.com.br
The potential market cap would be $6,457m based on the market consensus.
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
The company has a dividend yield of 6.94% with the ex dividend date set at 31-3-2023 (DMY).
Other points of data to note are a P/E ratio of 7.22, revenue per share of 15.66 and a 5.82% return on assets.
