Numis Securities Ltd Reiterates Buy Rating for Enquest Plc (ENQ)
Enquest Plc (LON:ENQ)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a report released on Wednesday. They currently have a GBX 177 ($2.93) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 45.92% from the company’s current price.
Shares of Enquest Plc (LON:ENQ) traded up 0.41% during mid-day trading on Wednesday, hitting GBX 121.80. The stock had a trading volume of 343,920 shares. Enquest Plc has a one year low of GBX 116.00 and a one year high of GBX 148.40. The stock has a 50-day moving average of GBX 128.9 and a 200-day moving average of GBX 135.7. The company’s market cap is £947.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Enquest Plc in a research note on Wednesday, August 20th. They now have a GBX 175 ($2.90) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Enquest Plc from GBX 161 ($2.66) to GBX 150 ($2.48) in a research note on Tuesday, August 19th. They now have an “outperform” rating on the stock. Finally, analysts at Danske Bank Markets reiterated a “buy” rating on shares of Enquest Plc in a research note on Monday, August 18th. They now have a GBX 174.45 ($2.89) price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 159.61 ($2.64).
EnQuest PLC (LON:ENQ) is an independent oil and gas development and production with its focus on the United Kingdom Continental Shelf (UKCS).
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