Canaccord Genuity Cuts Enquest Plc Price Target to GBX 150 (ENQ)
Canaccord Genuity decreased their price target on shares of Enquest Plc (LON:ENQ) from GBX 180 ($2.99) to GBX 150 ($2.49) in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 24.64% from the company’s current price.
A number of other firms have also recently commented on ENQ. Analysts at HSBC reiterated an “overweight” rating on shares of Enquest Plc in a research note on Friday. They now have a GBX 175 ($2.90) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Enquest Plc in a research note on Wednesday, August 27th. They now have a GBX 177 ($2.94) price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 157.42 ($2.61).
Enquest Plc (LON:ENQ) opened at 120.20 on Tuesday. Enquest Plc has a 1-year low of GBX 116.00 and a 1-year high of GBX 148.40. The stock’s 50-day moving average is GBX 127.2 and its 200-day moving average is GBX 135.. The company’s market cap is £935.3 million.
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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