Apr Energy PLC Lowered to “Neutral” at Citigroup Inc. (APR)
Apr Energy PLC (LON:APR) was downgraded by equities research analysts at Citigroup Inc. to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a GBX 650 ($11.13) price objective on the stock, down from their previous price objective of GBX 1,350 ($23.11). Citigroup Inc.’s target price would suggest a potential upside of 13.54% from the company’s current price.
Apr Energy PLC (LON:APR) traded down 10.22% during mid-day trading on Wednesday, hitting GBX 514.00. The stock had a trading volume of 446,475 shares. Apr Energy PLC has a 1-year low of GBX 510.00 and a 1-year high of GBX 1177.00. The stock’s 50-day moving average is GBX 671.1 and its 200-day moving average is GBX 813.3.
A number of other firms have also recently commented on APR. Analysts at Liberum Capital reiterated a “sell” rating on shares of Apr Energy PLC in a research note on Wednesday, July 2nd. They now have a GBX 735 ($12.58) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Apr Energy PLC from GBX 1,082 ($18.52) to GBX 1,089 ($18.64) in a research note on Wednesday, May 21st. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 1,012.62 ($17.34).
APR Energy PLC, formerly Horizon Acquisition Company plc, offers temporary power solutions on a fast-track basis to utility and industrial customers worldwide.