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Abengoa Yield (NDAQ:ABY) target price raised to $26.00, reported today by RBC Capital Markets

Yesterday Abengoa Yield (NDAQ:ABY) traded 2.34% higher at $23.49. The company’s 50-day moving average is $20.39 and its 200-day moving average is $20.66. The last stock close price is up 6.83% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 320,528 shares of the stock were exchanged, down from an average trading volume of 449,385

Abengoa Yield (NDAQ:ABY) had its price target upped to $26.00 by RBC Capital Markets in an issued report announced Monday November 13, 2017. The bumped up target suggests a potential upside of 0.11% from the company's last stock close price.

Previously on 10/24/2017, Bank of America (Merrill Lynch) reported about Abengoa Yield (NDAQ:ABY) raised the target price from $0.00 to $24.00. At the time, this indicated a possible upside of 0.09%.

See Chart Below

Abengoa Yield (NDAQ:ABY)

Abengoa Yield has a 52 week low of $16.55 and a 52 week high of $22.87 with a P/E ratio of 71.21 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 6 analysts have released a research note on Abengoa Yield. The 12-month price target is $19.67 with 0 firms rating the stock a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Abengoa Yield (NDAQ:ABY)

Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa). Its segments include North America, South America and EMEA. It operates in business sectors, including renewable energy, conventional power, electric transmission lines and water. As of December 31, 2016, it owned or had interests in 21 assets, comprising 1,442 megawatt (MW) of renewable energy generation, 300 MW of conventional power generation, 1,099 miles of electric transmission lines, as well as an exchangeable preferred equity investment in Abengoa Concessoes Brasil Holding S.A., (ACBH). The renewable energy sector includes its activities related to the production electricity from solar power and wind plants.

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