Essar Energy Receives Hold Rating from Deutsche Bank (ESSR)
Essar Energy (LON:ESSR)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 75 ($1.26) price target on the stock. Deutsche Bank’s price target suggests a potential upside of 11.94% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Essar Energy in a research note on Tuesday, February 4th. They now have a GBX 70 ($1.17) price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Essar Energy in a research note on Tuesday, January 21st. They now have a GBX 102 ($1.71) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Essar Energy in a research note on Tuesday, January 7th. They now have a GBX 90 ($1.51) price target on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Essar Energy currently has a consensus rating of “Hold” and an average target price of GBX 98.86 ($1.66).
Essar Energy (LON:ESSR) traded down 1.69% during mid-day trading on Tuesday, hitting GBX 67.00. 3,205,872 shares of the company’s stock traded hands. Essar Energy has a 52-week low of GBX 53.20 and a 52-week high of GBX 155.10. The stock’s 50-day moving average is GBX 65.14 and its 200-day moving average is GBX 101.2. The company’s market cap is £873.3 million.
Essar Energy plc is a holding company. The Company is an India-focused integrated energy company with assets across the power and oil and gas industries.
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