Stock Price & Analysis

Hold CIG stock as mixed signals from HSBC's downgrade and improved Validea score suggest caution.

The price prediction for CIG stock in 2025 is around $2.00, based on HSBC's price target of R$12 and moderate improvement in Validea's Peter Lynch model rating. The stock is trading near support levels with a neutral RSI, suggesting stabilization and potential upside.

The S1 support level for CIG Stock is $1.85 ,The R1 resistant level for CIG Stock is $1.98.

As of the end of day on 2025-03-24, the price of CIG Stock was $1.835.

The target price for CIG Stock according to analyst rating is 2.60, with the highest price target at 2.60 and the lowest at 2.60. Analysts have a Hold rating on CIG Stock overall.

The market cap of CIG is $5.3B.

CIG may not be overvalued based on its current metrics. Its PE ratio of 3.81 and EV/EBITDA of 4.79 are relatively low, suggesting undervaluation. The PS ratio of 0.79 and PB ratio of 1.14 further support this view. While the high dividend yield of 11.71% is attractive, it could raise sustainability concerns. Recent analyst actions show mixed sentiment, with a downgrade from HSBC but improved ratings from Validea. Overall, CIG's valuation metrics do not indicate overvaluation.

Energy of Minas Gerais Co is a Brazil-based holding company. The Company operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Minas Gerais. The main operational segment is distribution of electrical energy, followed by electric energy commercialization, gas distribution, electric energy generation, and electric energy transmission. Constituted to operate in the commercialization of electric power and as holding company, with interests in subsidiaries or jointly controlled entities, whose objectives are: construction and operation of systems for generation, transformation, transmission, distribution and sale of energy, and also activities in the various fields of energy sector, including gas distribution, provision of distributed generation services and energy efficiency solutions, for the purpose of commercial operation.

CIG stock is predicted to reach $2.30 by 2030, driven by stable utility demand and potential operational improvements. The current price of $1.955 reflects cautious optimism, with HSBC's Hold rating and a $12 price target in Brazilian Real suggesting moderate growth potential.

CIG has a total of 4918 employees.