Comp En De Mn Cemig with ticker code (CIG) have now 2 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 2.59 and 2.3 with the average target price sitting at $2.44. Now with the previous closing price of $1.97 this is indicating there is a potential upside of 23.9%. The 50 day moving average now sits at $2.08 and the 200 day moving average is $2.14. The market capitalization for the company is $5,192m. Visit the company website at: https://www.cemig.com.br
The potential market cap would be $6,431m 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 9.04% with the ex dividend date set at 30-12-2022 (DMY).
Other points of data to note are a P/E ratio of 6.08, revenue per share of 15.62 and a 5.75% return on assets.
