Companhia Paranaense de Energia which can be found using ticker (ELP) now have 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 9.1 and 8.4 and has a mean target at $8.75. Given that the stocks previous close was at $6.29 and the analysts are correct then we can expect a percentage increase in value of 39.1%. There is a 50 day moving average of $6.90 and the 200 day MA is $6.75. The total market capitalization for the company now stands at $16,926m. Company Website: https://www.copel.com
The potential market cap would be $23,545m 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 7.23% with the ex dividend date set at 22-11-2022 (DMY).
Other points of data to note are a P/E ratio of 56.23, revenue per share of 8.37 and a 1.95% return on assets.
