UBS Keeps Their Hold Rating on AGL Energy Limited (AGLNF)

In a report released today, Tom Allen from UBS maintained a Hold rating on AGL Energy Limited (AGLNFResearch Report), with a price target of A$8.70. The company’s shares closed last Tuesday at $5.22.

Allen covers the Utilities sector, focusing on stocks such as AGL Energy Limited, Origin Energy Limited, and Santos Limited. According to TipRanks, Allen has an average return of 9.6% and a 55.17% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AGL Energy Limited with a $6.34 average price target.

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AGLNF market cap is currently $3.62B and has a P/E ratio of 5.61.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AGLNF in relation to earlier this year.

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AGL Energy Ltd. is an integrated renewable energy company, which engages in the provision of natural gas distribution services. It operates through the following segments: Customer Markets; Wholesale Markets; Group Operations; Investments; and Other. The Customer Markets segment include retailing of electricity, gas, solar, and energy efficiency products and services. The Wholesale Markets segment involves in the wholesale electricity, wholesale gas and eco markets, and managing the price risk associated with procuring electricity and gas. The Group Operations segment consists power generation portfolio and other key sites and operating facilities. The Investment segment focuses its interests in the ActewAGL Retail Partnership, Powering Australian Renewables Fund, Digital Energy Exchange and New Energy Investments: Advanced Microgrid Solutions Inc, Energy Impact Partners’ Fund, Activate Capital Partners, Solar Analytics Pty Limited, Sunverge Energy Inc and Ecobee Inc. The Other segment composes of the various corporate activities which includes the head office and central support functions and the innovation accelerator portion of the previous new energy segment. The company was founded on October 9, 2006 and its business roots back to 1837, is headquartered in Sydney, Australia.