Goldman Sachs Group Inc. Downgrades Apr Energy PLC to Neutral (APR)
Apr Energy PLC (LON:APR) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,084 ($17.36) price target on the stock, down from their previous price target of GBX 1,100 ($17.62). Goldman Sachs Group Inc.’s price target would indicate a potential upside of 10.95% from the stock’s previous close.
APR has been the subject of a number of other recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Apr Energy PLC (LON:APR) in a research note to investors on Thursday. They set an “overweight” rating and a GBX 1,400 ($22.43) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Apr Energy PLC (LON:APR) from GBX 950 ($15.22) to GBX 1,250 ($20.02) in a research note to investors on Monday, September 16th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apr Energy PLC (LON:APR) in a research note to investors on Friday, August 30th. They now have a GBX 1,075 ($17.22) price target on the stock. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 1,014.34 ($16.25).
Apr Energy PLC (LON:APR) opened at 970.00 on Friday. Apr Energy PLC has a 1-year low of GBX 589.00 and a 1-year high of GBX 1117.00. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
APR Energy PLC, formerly Horizon Acquisition Company plc, offers temporary power solutions on a fast-track basis to utility and industrial customers worldwide.
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