Barclays Cuts Italgas (OTCMKTS:ITGGF) Price Target to €5.40

Italgas (OTCMKTS:ITGGFGet Rating) had its price target lowered by investment analysts at Barclays from €5.90 ($6.21) to €5.40 ($5.68) in a report released on Thursday, The Fly reports.

Separately, Royal Bank of Canada upped their target price on Italgas from €6.20 ($6.53) to €6.30 ($6.63) and gave the stock a “sector perform” rating in a research report on Monday, April 11th.

OTCMKTS:ITGGF remained flat at $$6.50 on Thursday. The firm’s fifty day simple moving average is $6.50 and its 200-day simple moving average is $6.45. Italgas has a 12-month low of $6.20 and a 12-month high of $6.50.

Italgas Company Profile (Get Rating)

Italgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas through local pipeline networks from the delivery points at the reduction and measurement stations interconnected with the transport networks to the points of final delivery to households, enterprises, etc.

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