Barclays Capital Reaffirms Overweight Rating on Essar Energy (ESSR)
Essar Energy (LON: ESSR)‘s stock had its “overweight” rating restated by equities researchers at Barclays Capital in a report issued on Tuesday. They currently have a $2.73 (170 GBX) target price on the stock.
Essar Energy opened at 119.80 on Tuesday. Essar Energy has a 1-year low of GBX 98.126 and a 1-year high of GBX 177.40. The stock’s 50-day moving average is currently GBX 119.6. The company’s market cap is £1.562 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Arden Partners Ltd reiterated a “neutral” rating on shares of Essar Energy in a research note to investors on Monday, December 31st. They now have a $2.23 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Essar Energy in a research note to investors on Monday, November 26th. They now have a $2.40 price target on the stock.
Essar Energy plc is a holding company. The Company is an India-focused integrated energy company with assets across the power and oil and gas industries.
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