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Ensco Plc (NYSE:ESV) was downgraded by investment analysts at BMO Capital Markets from a “hold” rating to a “sell” rating in a note issued to investors on Monday. They currently have a $41.00 target price on the stock, down from their previous target price of $52.00. BMO Capital Markets’ price target points to a potential downside of 19.50% from the stock’s previous close.

Ensco Plc (NYSE:ESV) traded down 1.12% during mid-day trading on Monday, hitting $50.36. 677,612 shares of the company’s stock traded hands. Ensco Plc has a 52-week low of $47.85 and a 52-week high of $62.25. The stock’s 50-day moving average is $53.88 and its 200-day moving average is $51.99. The company’s market cap is $11.658 billion.

Ensco Plc (NYSE:ESV) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.32 by $0.26. Analysts expect that Ensco Plc will post $5.65 EPS for the current fiscal year.

A number of other firms have also recently commented on ESV. Analysts at Deutsche Bank downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Monday. They now have a $41.00 price target on the stock, down previously from $52.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Ensco Plc in a research note on Friday. They now have a $54.00 price target on the stock, down previously from $56.00. Finally, analysts at Guggenheim downgraded shares of Ensco Plc from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $58.00 price target on the stock, down previously from $64.00. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.10.

Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.

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