Morgan Stanley Reiterates Overweight Rating for Apr Energy PLC (APR)
Apr Energy PLC (LON:APR)‘s stock had its “overweight” rating restated by Morgan Stanley in a research note issued on Monday, Analyst Ratings Net reports. They currently have a GBX 1,400 ($22.65) target price on the stock. Morgan Stanley’s price objective would indicate a potential upside of 21.21% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of Apr Energy PLC in a research note to investors on Wednesday, October 23rd. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Apr Energy PLC from GBX 1,075 ($17.39) to GBX 1,150 ($18.61) in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group upgraded shares of Apr Energy PLC to a “buy” rating in a research note to investors on Friday, October 18th. They now have a GBX 1,300 ($21.03) price target on the stock, up previously from GBX 1,125 ($18.20). Four analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,046.48 ($16.93).
Shares of Apr Energy PLC (LON:APR) opened at 1155.00 on Monday. Apr Energy PLC has a one year low of GBX 621.00 and a one year high of GBX 1177.00. 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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