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NYSE:CIG - CEMIG Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $17.00
  • Forecasted Upside: 658.93 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$2.24
▲ +0.01 (0.45%)
1 month | 3 months | 12 months
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Analyst Price Target for CIG

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$17.00
▲ +658.93% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for CEMIG in the last 3 months. The average price target is $17.00, with a high forecast of $17.00 and a low forecast of $17.00. The average price target represents a 658.93% upside from the last price of $2.24.
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Buy

The current consensus among 2 contributing investment analysts is to buy stock in CEMIG. This rating has held steady since January 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
11/14/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/12/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/12/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/10/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/8/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/6/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/7/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/7/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/13/2021HSBCBoost Price TargetBuy$14.00 ➝ $17.00Low
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8/21/2020JPMorgan Chase & Co.UpgradeUnderweight ➝ NeutralLow
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11/14/2019The Goldman Sachs GroupInitiated CoverageBuyLow
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4/10/2019JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
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1/30/2019HSBCDowngradeBuy ➝ HoldMedium
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1/16/2019CitigroupDowngradeNeutral ➝ SellMedium
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1/3/2019The Goldman Sachs GroupDowngradeNeutral ➝ SellMedium
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12/18/2018SantanderUpgradeHold ➝ BuyLow
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10/17/2018UBS GroupDowngradeBuy ➝ NeutralMedium
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10/9/2018UBS GroupUpgradeHold ➝ BuyHigh
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5/21/2018UBS GroupUpgradeNeutral ➝ BuyLow
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4/4/2018JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralMedium
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2/1/2018UBS GroupUpgradeMarket Perform ➝ OutperformLow
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11/27/2017JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
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7/14/2017The Goldman Sachs GroupUpgradeSell ➝ Neutral$2.10 ➝ $2.80Medium
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6/22/2017Morgan StanleyUpgradeUnderweight ➝ OverweightHigh
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4/26/2017JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralHigh
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3/20/2017UBS GroupUpgradeSell ➝ NeutralN/A
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2/17/2017JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightN/A
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1/4/2017The Goldman Sachs GroupDowngradeNeutral ➝ SellN/A
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(Data available from 5/8/2016 forward)
CEMIG logo
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil. It is also involved in the telecommunications and energy solutions consulting businesses; exploitation of natural gas; sale and trading of electricity; and acquisition, transport, and distribution of gas and its subproducts and derivatives, as well as provision of technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage, and other utility companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.
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Today's Range

Now: $2.24
$2.23
$2.27

50 Day Range

MA: $2.26
$2.10
$2.59

52 Week Range

Now: $2.24
$1.23
$2.98

Volume

3,940,856 shs

Average Volume

10,270,068 shs

Market Capitalization

$3.79 billion

P/E Ratio

N/A

Dividend Yield

6.28%

Beta

0.67

Frequently Asked Questions

What sell-side analysts currently cover shares of CEMIG?

The following Wall Street research analysts have issued stock ratings on CEMIG in the last twelve months: HSBC Holdings plc, JPMorgan Chase & Co., TheStreet, and Zacks Investment Research.
View the latest analyst ratings for CIG.

What is the current price target for CEMIG?

1 Wall Street analysts have set twelve-month price targets for CEMIG in the last year. Their average twelve-month price target is $17.00, suggesting a possible upside of 658.9%. HSBC Holdings plc has the highest price target set, predicting CIG will reach $17.00 in the next twelve months. HSBC Holdings plc has the lowest price target set, forecasting a price of $17.00 for CEMIG in the next year.
View the latest price targets for CIG.

What is the current consensus analyst rating for CEMIG?

CEMIG currently has 1 hold rating and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CIG will outperform the market and that investors should add to their positions of CEMIG.
View the latest ratings for CIG.

What other companies compete with CEMIG?

How do I contact CEMIG's investor relations team?

CEMIG's physical mailing address is AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019. The utilities provider's listed phone number is 55-31-3506-5024 and its investor relations email address is [email protected] The official website for CEMIG is www.cemig.com.br.

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