Berenberg Bank Maintains a Buy Rating on Repsol (REPYY)

By Austin Angelo

Berenberg Bank analyst Ilkin Karimli maintained a Buy rating on Repsol (REPYYResearch Report) yesterday and set a price target of EUR17.00. The company’s shares closed last Monday at $15.40.

According to TipRanks.com, Karimli is ranked #3821 out of 5540 analysts.

Currently, the analyst consensus on Repsol is a Moderate Buy with an average price target of $18.00, implying a 16.4% upside from current levels. In a report released yesterday, Macquarie also reiterated a Buy rating on the stock with a EUR16.90 price target.

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Repsol’s market cap is currently $23.4B and has a P/E ratio of 10.80. The company has a Price to Book ratio of 0.69.

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Repsol SA is engaged in the exploration and production of crude oil, natural gas, and refined petroleum. It operates through the following business segments: Upstream, Downstream, and Corporation & Others. The Upstream segment engages in exploration and development of crude oil and natural gas reserves.