Italgas (OTCMKTS:ITGGF) Stock Price Down 2.4% – Here’s What Happened

by · The Cerbat Gem

Italgas S.p.A. (OTCMKTS:ITGGF – Get Free Report) shares dropped 2.4% during mid-day trading on Friday . The company traded as low as $10.7950 and last traded at $10.7950. Approximately 7,707 shares were traded during trading, an increase of 214% from the average daily volume of 2,456 shares. The stock had previously closed at $11.06.

Wall Street Analyst Weigh In

Several research firms recently commented on ITGGF. Morgan Stanley reaffirmed an “overweight” rating on shares of Italgas in a research note on Wednesday, October 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Italgas in a research note on Monday, November 3rd. Finally, Citigroup lowered shares of Italgas to a “neutral” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on ITGGF

Italgas Price Performance

The business has a 50 day moving average price of $10.42 and a 200 day moving average price of $9.20.

About Italgas

(Get Free Report)

Italgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas to households, enterprises, etc. The company operated a distribution network of 81,309 kilometers. It also engages in metering activities; and distributes and sells water.

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