Enquest Plc (LON:ENQ) Receives Consensus Recommendation of “Hold” from Brokerages
Enquest Plc (LON:ENQ) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 41 ($0.54).
A number of research firms have issued reports on ENQ. Macquarie decreased their price target on shares of Enquest Plc from GBX 30 ($0.39) to GBX 10 ($0.13) and set an “underperform” rating for the company in a report on Wednesday, June 21st. GMP Securities restated a “speculative buy” rating on shares of Enquest Plc in a report on Thursday, May 25th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 50 ($0.65) price target on shares of Enquest Plc in a report on Wednesday, May 17th. Jefferies Group LLC restated a “buy” rating and set a GBX 64 ($0.84) price target on shares of Enquest Plc in a report on Wednesday, March 22nd. Finally, Barclays PLC decreased their price target on shares of Enquest Plc from GBX 40 ($0.52) to GBX 35 ($0.46) and set an “underweight” rating for the company in a report on Thursday, June 22nd.
Shares of Enquest Plc (LON:ENQ) traded up 0.78% on Monday, hitting GBX 32.25. The company’s stock had a trading volume of 1,514,719 shares. Enquest Plc has a 52 week low of GBX 22.00 and a 52 week high of GBX 56.00. The stock’s market capitalization is GBX 363.08 million. The stock’s 50 day moving average price is GBX 34.29 and its 200 day moving average price is GBX 41.89.
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About Enquest Plc
EnQuest PLC is a United Kingdom-based oil and gas development and production company. The Company’s principal activities are the exploration for, and extraction and production of, hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The Company focuses on maturing assets and undeveloped oil fields.
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