Companhia Paranaense de Energia which can be found using ticker (ELP) have now 2 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 9.1 and 8.4 calculating the average target price we see $8.75. Given that the stocks previous close was at $6.84 this would indicate that there is a potential upside of 27.9%. It’s also worth noting that there is a 50 day moving average of $6.69 while the 200 day moving average is $6.72. The market capitalization for the company is $18,718m. You can visit the company’s website by visiting: https://www.copel.com
The potential market cap would be $23,945m based on the market consensus.
Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments. It is also involved in the piped natural gas distribution. As of December 31, 2021, the company operated 20 hydroelectric plants, 30 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,957 megawatts; and owned and operated 3,638 km of transmission lines and 204,957 km of distribution lines. It holds concessions to distribute electricity in 394 municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.
The company has a dividend yield of 6.58% with the ex dividend date set at 22-11-2022 (DMY).
Other points of data to note are a P/E ratio of 62.18, revenue per share of 8.01 and a 3.07% return on assets.
