Eni has been given a 'Buy' rating by UBS, with a target price of 15.50 euros. Analyst Joshua Stone has highlighted the ongoing restructuring efforts at Eni's chemicals subsidiary, Versalis, after a recent meeting with management.
It is expected that all steam crackers for ethylene production in Italy will be discontinued by 2026, with additional measures leading to a positive earnings contribution from 2027.
Eni's stock is currently priced at 13.414 euros, reflecting a decrease of 0.58% from the previous day. The stock has seen fluctuations across different trading venues, ranging from 13.36 euros in Düsseldorf to 13.60 euros in Frankfurt. The highest price for Eni in the past year was 15.80 euros, while the lowest was 13.27 euros.