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T   16.59 (-2.41%)
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MU   85.91 (+5.42%)
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GE   151.67 (+1.74%)
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MSFT   411.65 (+2.35%)
META   486.13 (+3.87%)
GOOGL   144.09 (+1.08%)
AMZN   174.58 (+3.55%)
TSLA   197.41 (+1.36%)
NVDA   785.38 (+16.40%)
NIO   5.85 (-2.01%)
AMD   181.86 (+10.69%)
BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
F   12.12 (-0.16%)
MU   85.91 (+5.42%)
CGC   3.37 (-2.03%)
GE   151.67 (+1.74%)
DIS   107.63 (-0.04%)
AMC   4.42 (-3.28%)
PFE   27.55 (-0.43%)
PYPL   58.35 (+1.51%)
XOM   104.76 (-0.09%)

CEMIG (CIG) Stock Forecast & Price Target

$2.33
-0.01 (-0.43%)
(As of 02/22/2024 ET)

CEMIG Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Analysts' Consensus Price Target

$2.75
18.28% Upside
High Forecast$2.90
Average Forecast$2.75
Low Forecast$2.60
TypeCurrent Forecast
2/22/23 to 2/22/24
1 Month Ago
1/23/23 to 1/23/24
3 Months Ago
11/24/22 to 11/24/23
1 Year Ago
2/22/22 to 2/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
N/A
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
N/A
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
N/A
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
N/A
Consensus Price Target$2.75$2.75$2.75N/A
Predicted Upside18.28% Upside20.75% Upside20.75% UpsideN/A
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CIG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CIG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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CEMIG Stock vs. The Competition

TypeCEMIGUtilities CompaniesS&P 500
Consensus Rating Score
2.50
2.41
2.48
Consensus RatingModerate BuyHoldHold
Predicted Upside17.52% Upside75.04% Upside7.96% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/24/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Neutral$3.20 ➝ $2.60+14.04%
11/1/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeHold ➝ Buy$2.90+27.47%
8/30/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Overweight
4/14/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOverweight ➝ Equal Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:51 PM ET.












CIG Price Target - Frequently Asked Questions

What is CEMIG's consensus rating and price target?

According to the issued ratings of 4 analysts in the last year, the consensus rating for CEMIG stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for CIG. The average twelve-month price prediction for CEMIG is $2.75 with a high price target of $2.90 and a low price target of $2.60. Learn more on CIG's analyst rating history.

Do Wall Street analysts like CEMIG more than its competitors?

Analysts like CEMIG more than other Utilities companies. The consensus rating for CEMIG is Moderate Buy while the average consensus rating for utilities companies is Hold. Learn more on how CIG compares to other companies.

Is CEMIG being downgraded by Wall Street analysts?

Over the previous 90 days, CEMIG's stock had 1 downgrade by analysts.

Does CEMIG's stock price have much upside?

According to analysts, CEMIG's stock has a predicted upside of 20.75% based on their 12-month stock forecasts.

What analysts cover CEMIG?

CEMIG has been rated by Bank of America in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:CIG) was last updated on 2/22/2024 by MarketBeat.com Staff