Enquest Plc Receives Overweight Rating from HSBC (ENQ)
Enquest Plc (LON:ENQ)‘s stock had its “overweight” rating reaffirmed by HSBC in a research note issued on Monday. They currently have a GBX 180 ($3.02) target price on the stock. HSBC’s target price points to a potential upside of 27.93% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Enquest Plc from GBX 175 ($2.93) to GBX 185 ($3.10) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Enquest Plc in a research note on Wednesday, May 21st. They now have a GBX 161 ($2.70) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Enquest Plc in a research note on Wednesday, May 21st. They now have a GBX 175 ($2.93) price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 159.27 ($2.67).
Shares of Enquest Plc (LON:ENQ) opened at 140.60 on Monday. Enquest Plc has a 52-week low of GBX 116.70 and a 52-week high of GBX 148.40. The stock has a 50-day moving average of GBX 135.5 and a 200-day moving average of GBX 136.3. The company’s market cap is £1.093 billion.
EnQuest PLC (LON:ENQ) is an independent oil and gas development and production with its focus on the United Kingdom Continental Shelf (UKCS).
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