Golar LNG Limited Given Average Rating of “Hold” by Brokerages (NASDAQ:GLNG)
Shares of Golar LNG Limited (NASDAQ:GLNG) have earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Stock Ratings Network.com reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $52.21.
Shares of Golar LNG Limited (NASDAQ:GLNG) opened at 59.67 on Tuesday. Golar LNG Limited has a one year low of $33.07 and a one year high of $61.95. The stock has a 50-day moving average of $53.74 and a 200-day moving average of $43.03. The company has a market cap of $4.809 billion and a P/E ratio of 79.13.
GLNG has been the subject of a number of recent research reports. Analysts at Bank of America initiated coverage on shares of Golar LNG Limited in a research note on Monday, July 7th. 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, July 3rd. 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.
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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