Abengoa Yield plc (ABY) Receives Analyst Rating

Abengoa Yield plc (ABY) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Abengoa Yield plc (ABY) : 3 Wall Street analysts covering Abengoa Yield plc (ABY) believe that the average level the stock could reach for the short term is $20.33. The maximum price target given is $23 and the minimum target for short term is around $15, hence the standard deviation is calculated at $4.62.


Abengoa Yield plc (NASDAQ:ABY): The stock opened in the green at $19.02 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $19.02 and a low of $18.5 for the day. The stock did not find buyers even at the lows and closed at $18.69 recording a loss of -1.63%. 550,547 shares exchanged hands during the trading day. The stock had closed at $19 in the previous days trading.

Abengoa Yield plc is an engineering and clean technology company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines, and other contracted revenue-generating assets, focused on North America (United States and Mexico) and South America (Peru, Chile, Brazil and Uruguay), as well as Europe (Spain). The Companys business sectors include renewable energy, which includes its activities related to the production electricity from solar power and wind plants; Conventional power, which includes its activities related to the production of electricity and steam from natural gas and electric transmission lines, which includes its activities related to the operation of electric transmission lines. It owns interests in approximately 15 assets, comprising over 891 megawatt (MW) of renewable energy generation, approximately 300 MW of conventional power generation and approximately 1,018 miles of electric transmission lines.

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