• Consensus Rating: Buy
  • Consensus Price Target: $17.00
  • Forecasted Upside: 626.50 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$2.34
▼ -0.04 (-1.68%)

This chart shows the closing price for CIG by one month, three months, or twelve months.

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Analyst Price Target for CIG

Analyst Price Target is $17.00
▲ +626.50% 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 626.50% upside from the last price of $2.34.

This chart shows the closing price for CIG for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 polled investment analysts is to buy stock in CEMIG. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/30/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/29/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/27/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/25/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/25/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/24/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/22/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/22/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/27/2021JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightHigh
1/13/2021HSBCBoost Price TargetBuy$14.00 ➝ $17.00Low
8/21/2020JPMorgan Chase & Co.UpgradeUnderweight ➝ NeutralLow
11/14/2019The Goldman Sachs GroupInitiated CoverageBuyLow
4/10/2019JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
1/30/2019HSBCDowngradeBuy ➝ HoldMedium
1/16/2019CitigroupDowngradeNeutral ➝ SellMedium
1/3/2019The Goldman Sachs GroupDowngradeNeutral ➝ SellMedium
12/18/2018SantanderUpgradeHold ➝ BuyLow
10/17/2018UBS GroupDowngradeBuy ➝ NeutralMedium
10/9/2018UBS GroupUpgradeHold ➝ BuyHigh
5/21/2018UBS GroupUpgradeNeutral ➝ BuyLow
4/4/2018JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralMedium
2/1/2018UBS GroupUpgradeMarket Perform ➝ OutperformLow
11/27/2017JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightLow
7/14/2017The Goldman Sachs GroupUpgradeSell ➝ Neutral$2.10 ➝ $2.80Medium
6/22/2017Morgan StanleyUpgradeUnderweight ➝ OverweightHigh
4/26/2017JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralHigh
3/20/2017UBS GroupUpgradeSell ➝ NeutralN/A
2/17/2017JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightN/A
1/4/2017The Goldman Sachs GroupDowngradeNeutral ➝ SellN/A
(Data available from 10/22/2016 forward)

News Sentiment Rating

0.57 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/26/2021
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/25/2021
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/25/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/24/2021
  • 1 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/24/2021
  • 0 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/23/2021
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/22/2021
  • 0 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/22/2021

Current Sentiment

  • 0 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

  • No very positive mentions tracked during this time.
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: $2.34
Low: $2.22
High: $2.35

50 Day Range

MA: $2.49
Low: $2.11
High: $2.72

52 Week Range

Now: $2.34
Low: $1.77
High: $2.98

Volume

385,695 shs

Average Volume

7,936,650 shs

Market Capitalization

$4.42 billion

P/E Ratio

5.16

Dividend Yield

5.92%

Beta

0.47

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 626.5%. 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 2 buy ratings 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.

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.