Cantor Fitzgerald disclosed Mytrah Energy Ltd (LON:MYT), supporting its stock price target at 123.00GBX earlier today
- Updated: September 18, 2016
Mytrah Energy Ltd (LON:MYT) had its target price maintained to 123GBX by Cantor Fitzgerald in a report announced 8/4/2016. The latest target price suggests a possible upside of 1.19% from the bussiness’ previous stock close price.
Previously on Friday May 13 2016, Cantor Fitzgerald released a statement on Mytrah Energy Ltd(LON:MYT) bumped the target price at 123.00GBX that suggested an upside of 1.36%.
Having a price of 56.13GBX, Mytrah Energy Ltd (LON:MYT) traded 0.91% lower on the day. The last stock price is up 3.54% relative to the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the date range. Mytrah Energy Ltd has recorded a 50-day moving average of 56.20GBX and 200-day average of 52.15GBX. 11,945 shares of the stock traded hands, down from ann average volume of 16,536
With a total market value of 0.0 GBX, Mytrah Energy Ltd has a one-year low of 41.35GBX and a one-year high of 71.75GBX with a P/E ratio of 0.
In addition to Cantor Fitzgerald reporting it’s price target, a total of 3 brokerages have reported on the company. The average target stock price is 1.71GBX with one firm rating the stock a strong buy, two analysts rating the stock a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the stock as sell.
Brief Synopsis On Mytrah Energy Ltd (LON:MYT)
Mytrah Energy Limited (MEL) is a renewable energy developer and producer. The Company operates as an independent power producer (IPP). It operates through the generation and sale of electricity segment. The Company has approximately 10 wind farms in operation; over 210 wind masts, and approximately three wind farms under construction. Its projects include Bhesada, Vajrakarur 2, Nazeerabad and Nidhi Wind Farms 4. The Company’s wind farms are spread across approximately eight states, including Rajasthan, Gujarat, Maharashtra, Andhra Pradesh, Telangana, Punjab, Karnataka and Tamil Nadu. The Company’s subsidiary, Mytrah Energy (India) Pvt Ltd, sells power to state grids through 13 to 25 year Power Purchase Agreements. In addition, the Company’s 100.5-megawatt (MW) project in Tamil Nadu sells power directly to customers on long-term agreements. The Company is also focused on its multi megawatt, and grid-connected solar photo voltaic power projects in the states of Telangana and Punjab.
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