Investors Companhia Energetica de Minas Gerais S.A. (NYSE:CIG) are heading into the 3rd quarter of this year on a positive note as the stock provided some gains of 38.43% over the past 6 months. More recently the stock is 1.48% over the past 5 trading days. Looking a bit further out the stock is 7.84% for the month and 1.85% for the quarter.
At the session level, shares of Companhia Energetica de Minas Gerais S.A. (NYSE:CIG) moved -1.79% from the open. The most recent bid on the stock was registered at $2.75. Further, company shares have been seen trading -10.71% off of the 52 week high and 183.65% away from the 52 week low. Narrowing in further, the stock has been recently noted at -10.71% away from the 50 day high and 14.58% separated from the 50 day low.
Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Companhia Energetica de Minas Gerais S.A. (NYSE:CIG). According to First Call, the consensus price target for the company is $44.68. The consensus recommendation provided by analysts is currently 2.30. This number is based on a scale from 1 to 5. Analysts rating the company a 1 or 2 indicate a Buy recommendation. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Analysts rating the company a 3 indicate a Hold recommendation.
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