JP Morgan Cazenove reaffirmed their neutral rating on shares of Essar Energy (LON:ESSR) in a report released on Thursday, StockRatingsNetwork.com reports.
JP Morgan Cazenove has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Eldorado Gold Co.. They issued an outperform rating on that stock. Also, JP Morgan Cazenove lowered its price target on shares of Transocean from $59.00 to $55.00. They have a neutral rating on that stock. Finally, JP Morgan Cazenove downgraded shares of SAP Aktiengesellschaft from an overweight rating to a market perform rating.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a neutral rating on shares of Essar Energy in a research note to investors on Monday, July 15th. They now have a GBX 155 ($2.37) price target on the stock. Separately, analysts at Barclays Capital reiterated an overweight rating on shares of Essar Energy in a research note to investors on Monday, July 8th. They now have a GBX 170 ($2.59) price target on the stock.
Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 165.70 ($2.53).
Shares of Essar Energy (LON: ESSR) traded up 4.20% during mid-day trading on Thursday, hitting GBX 141.40. Essar Energy has a 52 week low of GBX 98.126 and a 52 week high of GBX 155.10. The stock’s 50-day moving average is currently GBX 119.6. The company’s market cap is £1.843 billion.
Essar Energy plc is a holding company. The Company is an India-focused integrated energy company with assets across the power and oil and gas industries.
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