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Equities researchers at Barclays began coverage on shares of Era Group (NYSE:ERA) in a research report issued on Wednesday, AnalystRatingsNetwork reports. The firm set an “overweight” rating and a $34.00 price target on the stock. Barclays’ price target would suggest a potential upside of 22.92% from the stock’s previous close.

Era Group (NYSE:ERA) traded up 2.64% during mid-day trading on Wednesday, hitting $28.39. The stock had a trading volume of 120,349 shares. Era Group has a 52-week low of $18.55 and a 52-week high of $34.64. The stock’s 50-day moving average is $29.26 and its 200-day moving average is $29.31. The company has a market cap of $573.2 million and a price-to-earnings ratio of 33.77.

Era Group Inc is engaged in helicopter operations worldwide. The Company’s helicopters are primarily used to transport personnel to, from and between offshore installations, drilling rigs and platforms.

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