HSBC Reiterates “Overweight” Rating for Enquest Plc (ENQ)
Enquest Plc (LON:ENQ)‘s stock had its “overweight” rating restated by analysts at HSBC in a research report issued to clients and investors on Friday. They currently have a GBX 175 ($2.90) target price on the stock. HSBC’s price objective suggests a potential upside of 45.47% from the company’s current price.
A number of other analysts have also recently weighed in on ENQ. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Enquest Plc in a research note on Wednesday. They now have a GBX 177 ($2.93) price target on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Enquest Plc currently has a consensus rating of “Hold” and an average price target of GBX 159.30 ($2.64).
Enquest Plc (LON:ENQ) opened at 120.95 on Friday. Enquest Plc has a 52-week low of GBX 116.00 and a 52-week high of GBX 148.40. The stock’s 50-day moving average is GBX 128.1 and its 200-day moving average is GBX 135.5. The company’s market cap is £941.1 million.
EnQuest PLC (LON:ENQ) is an independent oil and gas development and production with its focus on the United Kingdom Continental Shelf (UKCS).