Encavis (ETR:CAP) Reaches New 12-Month High at $7.30

Encavis AG (ETR:CAP) shares hit a new 52-week high on Friday . The stock traded as high as €7.30 ($8.49) and last traded at €7.30 ($8.49), with a volume of 280924 shares traded. The stock had previously closed at €7.26 ($8.44).

Several brokerages recently weighed in on CAP. Oddo Bhf set a €7.70 ($8.95) price target on shares of Encavis and gave the stock a “buy” rating in a research report on Monday, June 3rd. DZ Bank restated a “neutral” rating on shares of Infineon Technologies in a research report on Tuesday, June 4th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 3,600 ($47.04) price target on shares of in a research report on Friday, May 31st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Encavis presently has an average rating of “Buy” and an average price target of €7.32 ($8.51).

The stock has a 50-day simple moving average of €6.81. The firm has a market cap of $945.28 million and a P/E ratio of 69.52. The company has a debt-to-equity ratio of 251.77, a quick ratio of 1.01 and a current ratio of 1.33.

Encavis Company Profile (ETR:CAP)

Encavis AG, an independent power producer, engages in the acquisition, construction, operation, and installation of solar and onshore wind parks. It operates through PV Parks, PV Service, Wind Parks, and Asset Management segments. The company operates 173 solar parks and 67 wind parks with an installed capacity of approximately 1.9 gigawatt (GW) in Germany, Italy, France, the United Kingdom, Austria, Finland, Sweden, Denmark, and the Netherlands.

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