Ensco Plc (NYSE:ESV) was downgraded by equities researchers at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Monday, StockTargetPrices.com reports. They currently have a $7.00 target price on the offshore drilling services provider’s stock. Barclays’ price objective would indicate a potential downside of 33.96% from the stock’s current price.
Several other equities research analysts have also commented on the company. Vetr raised Ensco Plc from a “hold” rating to a “strong-buy” rating and set a $20.08 price target on the stock in a research note on Tuesday, December 1st. Guggenheim raised Ensco Plc from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, November 30th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Ensco Plc in a research note on Tuesday, December 15th. Evercore ISI reissued a “buy” rating on shares of Ensco Plc in a research note on Sunday, December 27th. Finally, Zacks Investment Research lowered Ensco Plc from a “buy” rating to a “hold” rating in a research note on Monday, January 4th. Nine analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Ensco Plc has a consensus rating of “Hold” and an average price target of $15.28.
Source: American Banking and Market News