Companhia Energetica de Minas Gerais-Cemig ADR (CIG) Social Stream
ENERGY CO OF MINAS GERAIS (CIG) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering CIG.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-12-09 | 1 | $2.9 | $2.9 | $2.9 | $2.4 | 20.83% |
| 2022-05-04 | 1 | $3 | $3 | $3 | $2.4 | 25% |
| 2022-05-12 | 1 | $2.3 | $2.3 | $2.3 | $2.4 | -4.17% |
| 2022-05-16 | 1 | $2.076 | $2.076 | $2.076 | $2.4 | -13.5% |
| 2022-09-17 | 1 | $2.7 | $2.7 | $2.7 | $2.4 | 12.5% |
| 2023-05-05 | 1 | $2.5 | $2.5 | $2.5 | $2.4 | 4.17% |
| 2023-09-19 | 2 | $2.5 | $2.5 | $2.5 | $2.4 | 4.17% |
| 2023-09-20 | 2 | $3.2 | $3.2 | $3.2 | $2.4 | 33.33% |
| 2023-09-27 | 2 | $3.2 | $3.2 | $3.2 | $2.4 | 33.33% |
| 2023-11-01 | 2 | $3.2 | $2.9 | $3.05 | $2.4 | 27.08% |
| 2023-11-22 | 2 | $2.9 | $2.6 | $2.75 | $2.4 | 14.58% |
| NA | 2 | $NA | $NA | $NA | $2.4 | NA% |
Price Target Last Issued December 9, 2021
The Trend in the Analyst Price Target
Over the past 14 months, CIG's average price target has gone up $0.05.
Over the past 43 weeks, CIG's average upside potential has been 14.65%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-05-05 | 2 | 2.5 | 2.5 | 2.50 | 2.37 | 5.49% |
| 2023-09-19 | 2 | 2.5 | 2.5 | 2.50 | 2.62 | -4.58% |
| 2023-09-20 | 2 | 3.2 | 3.2 | 3.20 | 2.67 | 19.85% |
| 2023-11-01 | 2 | 3.2 | 2.9 | 3.05 | 2.43 | 25.51% |
| 2023-11-22 | 2 | 2.9 | 2.6 | 2.75 | 2.28 | 20.61% |
CIG Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 2 | 1 | 0 | 1 | 0 | 0 | 2 |
The Trend in the Broker Recommendations
Over the past 52 weeks, CIG's average broker recommendation rating improved by 2.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- To contextualize these metrics, consider that out of all US stocks, ENERGY CO OF MINAS GERAIS's number of analysts covering the stock is higher than 14.15% of them.
- CIG has a greater average analyst price target than 2.73% of Utilities stocks.
- In terms of how ENERGY CO OF MINAS GERAIS fares relative to stocks in the large market cap category, note that its variance in analysts' estimates is lower than 94.32% of that group.
- In terms of how ENERGY CO OF MINAS GERAIS fares relative to Utilities stocks, note that its upside potential (average analyst target price relative to current price) is higher than 411.33% of that group.
Stocks similar to ENERGY CO OF MINAS GERAIS in the Utilities industry regarding analyst recommendations and price targets are FTS, AQN, and AGR.
View All Top Stocks by Price Target
What is the outlook for CIG? Use POWR Ratings for clearer insight into price direction.