Borr Drilling (NASDAQ:BORR) Cut to “Hold” at HSBC
HSBC lowered shares of Borr Drilling (NASDAQ:BORR) from a buy rating to a hold rating in a research note issued to investors on Friday morning, The Fly reports.
Other research analysts have also issued reports about the company. Morgan Stanley lowered Borr Drilling from an overweight rating to an equal weight rating in a report on Wednesday, September 25th. Citigroup raised their price objective on Borr Drilling from $6.00 to $7.00 and gave the company a neutral rating in a report on Monday, September 23rd.
Shares of Borr Drilling stock opened at $6.20 on Friday. The business has a 50-day moving average price of $6.48. Borr Drilling has a one year low of $4.60 and a one year high of $16.15.
About Borr Drilling
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. As of December 31, 2018, the company operated a fleet of 27 jack-up drilling rigs. It provides drilling services to the oil and gas exploration and production industry. The company was formerly known as Magni Drilling Limited.
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