Golar LNG Limited Stock Rating Upgraded by Zacks (GLNG)
Golar LNG Limited (NASDAQ:GLNG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Monday. The firm currently has a $65.30 target price on the stock. Zacks‘s target price would indicate a potential upside of 1.51% from the company’s current price.
GLNG has been the subject of a number of other recent research reports. 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 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $56.54.
Golar LNG Limited (NASDAQ:GLNG) traded up 1.24% on Monday, hitting $65.13. The stock had a trading volume of 669,245 shares. Golar LNG Limited has a 52-week low of $33.07 and a 52-week high of $65.91. The stock has a 50-day moving average of $61. and a 200-day moving average of $48.27. The company has a market cap of $5.249 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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