Essar Energy Upgraded by Nomura to Buy (ESSR)
Essar Energy (LON: ESSR) was upgraded by equities research analysts at Nomura from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $2.72 (180 GBX) price target on the stock.
A number of other analysts have also recently weighed in on ESSR. Analysts at Citigroup raised their price target on shares of Essar Energy from $2.27 to $2.43 in a research note to investors on Tuesday, February 12th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Essar Energy in a research note to investors on Tuesday, January 15th. They now have a $2.73 price target on the stock. Finally, 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.
Essar Energy (LON: ESSR) opened at 144.20 on Friday. Essar Energy has a 1-year low of GBX 98.126 and a 1-year high of GBX 164.591. The stock’s 50-day moving average is currently GBX 119.6. The company’s market cap is £1.880 billion.
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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