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Golar LNG Limited (NASDAQ:GLNG) reached a new 52-week high during trading on Monday , AR Network reports. The stock traded as high as $61.95 and last traded at $59.40, with a volume of 746,534 shares traded. The stock had previously closed at $60.42.

A number of research firms have recently commented on GLNG. Analysts at Bank of America initiated coverage on shares of Golar LNG Limited in a research note on Monday. They set a “buy” rating on the stock. Separately, analysts at Nordea Equity Research upgraded shares of Golar LNG Limited from a “strong sell” rating to a “hold” rating in a research note on Thursday. They now have a $63.00 price target on the stock, up previously from $31.00. Finally, analysts at BTIG Research initiated coverage on shares of Golar LNG Limited in a research note on Wednesday, June 25th. They set a “buy” rating and a $80.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Golar LNG Limited presently has an average rating of “Hold” and a consensus target price of $52.21.

The stock has a 50-day moving average of $50.84 and a 200-day moving average of $41.86. The company has a market cap of $4.778 billion and a P/E ratio of 80.03.

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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