Cia Energetica DE Minas Stock (NYSE:CIG), Analyst Ratings, Price Targets, Predictions

The latest price target for Cia Energetica DE Minas (NYSE: CIG) was reported by B of A Securities on November 24, 2023. The analyst firm set a price target for $2.60 expecting CIG to rise to within 12 months (a possible 2.36% upside). 3 analyst firms have reported ratings in the last year.

The latest analyst rating for Cia Energetica DE Minas (NYSE: CIG) was provided by B of A Securities, and Cia Energetica DE Minas downgraded their neutral rating.

The last upgrade for Cia Energetica DE Minas Gerais - Cemig happened on November 1, 2023 when HSBC raised their price target to $2.9. HSBC previously had a hold for Cia Energetica DE Minas Gerais - Cemig.

The last downgrade for Cia Energetica DE Minas Gerais - Cemig happened on November 24, 2023 when B of A Securities changed their price target from $3.2 to $2.6 for Cia Energetica DE Minas Gerais - Cemig.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cia Energetica DE Minas, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cia Energetica DE Minas was filed on November 24, 2023 so you should expect the next rating to be made available sometime around November 24, 2024.

While ratings are subjective and will change, the latest Cia Energetica DE Minas (CIG) rating was a downgraded with a price target of $3.20 to $2.60. The current price Cia Energetica DE Minas (CIG) is trading at is $2.54, which is out of the analyst’s predicted range.