Golar LNG Price Target Cut to $40.00 (GLNG)
Investment analysts at Jefferies Group dropped their target price on shares of Golar LNG (NASDAQ:GLNG) from $46.00 to $40.00 in a note issued to investors on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 12.64% from the stock’s previous close.
Golar LNG (NASDAQ:GLNG) traded up 0.51% during mid-day trading on Friday, hitting $35.51. 888,276 shares of the company’s stock traded hands. Golar LNG has a 52 week low of $30.51 and a 52 week high of $41.49. The stock’s 50-day moving average is $35.53 and its 200-day moving average is $36.75. The company has a market cap of $2.860 billion and a price-to-earnings ratio of 2.82.
A number of other firms have also recently commented on GLNG. Analysts at DNB Markets upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Evercore Partners raised their price target on shares of Golar LNG from $36.00 to $37.00 in a research note to investors on Friday, November 29th. They now have an “overweight” rating on the stock. Finally, analysts at Fearnley Fonds downgraded shares of Golar LNG from an “accumulate” rating to a “reduce” rating in a research note to investors on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.53.
Golar LNG Limited (NASDAQ:GLNG) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs).
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