EnQuest Upgraded to Overweight at HSBC (ENQ)
EnQuest (LON:ENQ) was upgraded by stock analysts at HSBC from a “neutral” rating to an “overweight” rating in a report issued on Thursday, American Banking & Market News reports. The firm currently has a GBX 143 ($2.29) target price on the stock. HSBC’s price objective would suggest a potential upside of 16.83% from the stock’s previous close.
EnQuest (LON:ENQ) opened at 126.70 on Thursday. EnQuest has a 52-week low of GBX 110.20 and a 52-week high of GBX 145.68. The stock has a 50-day moving average of GBX 127.3 and a 200-day moving average of GBX 128.. The company’s market cap is £988.6 million.
A number of other analysts have also recently weighed in on ENQ. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of EnQuest in a research note to investors on Friday, September 13th. They now have a GBX 186 ($2.98) price target on the stock. Separately, analysts at Liberum Capital downgraded shares of EnQuest from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 27th. They now have a GBX 142 ($2.28) price target on the stock, down previously from GBX 167 ($2.68). Finally, analysts at Citigroup Inc. cut their price target on shares of EnQuest from GBX 151 ($2.42) to GBX 144 ($2.31) in a research note to investors on Thursday, August 15th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 156.38 ($2.51).
EnQuest PLC is an independent oil and gas development and production with its focus on the United Kingdom Continental Shelf (LON:ENQ).
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