Brokerages Set Enquest Plc (ENQ) Target Price at $36.75
Enquest Plc (LON:ENQ) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 35.63 ($0.46).
A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co dropped their target price on shares of Enquest Plc from GBX 50 ($0.65) to GBX 41 ($0.53) and set a “neutral” rating on the stock in a report on Friday. GMP Securities reaffirmed a “speculative buy” rating on shares of Enquest Plc in a report on Thursday, May 25th. Jefferies Group LLC cut shares of Enquest Plc to a “hold” rating and dropped their target price for the company from GBX 64 ($0.83) to GBX 30 ($0.39) in a report on Tuesday, August 29th. Macquarie reaffirmed an “underperform” rating and issued a GBX 10 ($0.13) target price on shares of Enquest Plc in a report on Tuesday, August 29th. Finally, Barclays PLC dropped their target price on shares of Enquest Plc from GBX 40 ($0.52) to GBX 35 ($0.45) and set an “underweight” rating on the stock in a report on Thursday, June 22nd.
Enquest Plc (ENQ) traded down 8.18% during trading on Tuesday, hitting GBX 25.25. The stock had a trading volume of 2,759,869 shares. The company’s market capitalization is GBX 284.27 million. The stock has a 50 day moving average price of GBX 30.42 and a 200 day moving average price of GBX 36.36. Enquest Plc has a 12-month low of GBX 22.50 and a 12-month high of GBX 56.00.
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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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