Macquarie Increases Enquest Plc (ENQ) Price Target to GBX 78
Enquest Plc (LON:ENQ) had its target price hoisted by stock analysts at Macquarie from GBX 54 ($0.70) to GBX 78 ($1.02) in a research note issued on Friday. The firm presently has an “outperform” rating on the oil and gas development company’s stock. Macquarie’s price target points to a potential upside of 186.24% from the stock’s previous close.
Several other research analysts have also recently commented on ENQ. Jefferies Group reiterated a “hold” rating and set a GBX 31 ($0.40) price target on shares of Enquest Plc in a report on Tuesday, June 21st. JPMorgan Chase & Co. lowered their price target on shares of Enquest Plc from GBX 52 ($0.68) to GBX 50 ($0.65) and set a “neutral” rating for the company in a report on Tuesday, May 24th. Canaccord Genuity cut shares of Enquest Plc to a “hold” rating and lowered their price target for the stock from GBX 50 ($0.65) to GBX 32 ($0.42) in a report on Tuesday, August 16th. FirstEnergy Capital reiterated a “speculative buy” rating and set a GBX 55 ($0.72) price target on shares of Enquest Plc in a report on Thursday, September 15th. Finally, Barclays PLC upgraded shares of Enquest Plc to an “equal weight” rating and boosted their price target for the stock from GBX 40 ($0.52) to GBX 42 ($0.55) in a report on Thursday, June 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 37.80 ($0.49).
Enquest Plc (LON:ENQ) opened at 27.25 on Friday. The company’s 50 day moving average is GBX 27.19 and its 200 day moving average is GBX 28.58. The stock’s market cap is GBX 211.57 million. Enquest Plc has a one year low of GBX 10.50 and a one year high of GBX 42.10.
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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