RBC Capital Maintains a Buy Rating on Eni S.p.A. (E), Set a €18 Price Target

Eni S.p.A. (NYSE:E) is one of the 10 Undervalued European Stocks to Invest in Now. On June 9, RBC Capital analyst Biraj Borkhataria maintained a Buy rating on Eni S.p.A. (NYSE:E) and set a price target of €18.00.

The company garnered positive investor sentiment following its solid fiscal Q1 2025, which reflected improved financial and economic fundamentals. Eni S.p.A. (NYSE:E) navigated macro-uncertainty and volatility through its flexibility and optionality, with mitigation measures worth over €2 billion in 2025.

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A sunset view of an oil and gas refinery located in the San Juan Basin, United States.

Proforma adjusted EBIT for fiscal Q1 2025 rose 36% sequentially in a similar pricing environment to € 3.7 billion, attributed to notable E&P results, steady improvements at the company’s Enilive and Plenitude satellites, and resilient GGP delivery.

Eni S.p.A. (NYSE:E) explores, refines, produces, and sells oil, electricity, gas, and chemicals. Its operations are divided into the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities. The company is headquartered in Rome, Italy, making it one of the best undervalued European stocks to invest in now.

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