Enquest Plc (ENQ) Receives GBX 31.43 Consensus Price Target from Brokerages
Shares of Enquest Plc (LON:ENQ) have earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 31.43 ($0.42).
A number of research firms have recently commented on ENQ. Barclays PLC reaffirmed an “underweight” rating and set a GBX 35 ($0.46) price objective on shares of Enquest Plc in a report on Friday, July 21st. Macquarie reaffirmed an “underperform” rating and set a GBX 7 ($0.09) price objective on shares of Enquest Plc in a report on Tuesday, September 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 23 ($0.31) price objective on shares of Enquest Plc in a report on Wednesday. Finally, J P Morgan Chase & Co reduced their price objective on shares of Enquest Plc from GBX 50 ($0.66) to GBX 41 ($0.54) and set a “neutral” rating for the company in a report on Friday, September 8th.
Shares of Enquest Plc (LON ENQ) traded up 1.87% during midday trading on Friday, hitting GBX 27.25. 999,803 shares of the stock were exchanged. The firm’s market cap is GBX 307.03 million. The stock’s 50 day moving average is GBX 26.86 and its 200 day moving average is GBX 33.53. Enquest Plc has a 12-month low of GBX 22.50 and a 12-month high of GBX 56.00.
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In related news, insider Jonathan Swinney sold 121,102 shares of Enquest Plc stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of GBX 25 ($0.33), for a total transaction of £30,275.50 ($40,158.51).
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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