Numis Securities Ltd Reiterates “Buy” Rating for EnQuest (ENQ)
EnQuest (LON:ENQ)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 188 ($3.09) price objective on the stock. Numis Securities Ltd’s price target indicates a potential upside of 37.83% from the stock’s previous close.
ENQ has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of EnQuest in a research note to investors on Thursday, January 16th. Separately, analysts at Canaccord Genuity cut their price target on shares of EnQuest from GBX 175 ($2.87) to GBX 165 ($2.71) in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, 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 ($3.09) price target on the stock. One 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 161.78 ($2.66).
Shares of EnQuest (LON:ENQ) traded down 0.22% on Wednesday, hitting GBX 136.10. The stock had a trading volume of 497,633 shares. 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 130.6. The company’s market cap is £1.062 billion.
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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