EnQuest Given New GBX 165 Price Target at Canaccord Genuity (ENQ)
Canaccord Genuity decreased their target price on shares of EnQuest (LON:ENQ) from GBX 175 ($2.88) to GBX 165 ($2.72) in a research note issued on Wednesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 22.13% from the company’s current price.
EnQuest (LON:ENQ) traded up 0.37% on Wednesday, hitting GBX 135.10. 1,244,039 shares of the company’s stock traded hands. EnQuest has a one year low of GBX 116.70 and a one year high of GBX 145.68. The stock has a 50-day moving average of GBX 135.6 and a 200-day moving average of GBX 130.. The company’s market cap is £1.054 billion.
A number of other analysts have also recently weighed in on ENQ. Analysts at Liberum Capital reiterated a “buy” rating on shares of EnQuest in a research note to investors on Friday, January 10th. They now have a GBX 188 ($3.10) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of EnQuest in a research note to investors on Monday, January 6th. They now have a GBX 138 ($2.27) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of EnQuest in a research note to investors on Wednesday, December 11th. They now have a GBX 175 ($2.88) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. EnQuest presently has an average rating of “Buy” and an average target price of GBX 162.94 ($2.69).
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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