Golar LNG Limited Receives Average Rating of “Hold” from Brokerages (NASDAQ:GLNG)
Shares of Golar LNG Limited (NASDAQ:GLNG) have earned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, Analyst Ratings Network.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $55.80.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Golar LNG Limited in a research note on Monday, July 28th. They now have a $55.00 price target on the stock, up previously from $40.00. Separately, analysts at Zacks downgraded shares of Golar LNG Limited from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 24th. They now have a $59.40 price target on the stock. Finally, 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.
Golar LNG Limited (NASDAQ:GLNG) opened at 64.33 on Monday. Golar LNG Limited has a 52 week low of $33.07 and a 52 week high of $65.91. The stock’s 50-day moving average is $61. and its 200-day moving average is $48.27. The company has a market cap of $5.185 billion and a price-to-earnings ratio of 85.21.
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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