Essar Energy (LON:ESSR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a GBX 180 ($2.82) target price on the stock. Citigroup Inc.’s price target points to a potential upside of 33.33% from the stock’s previous close.
Essar Energy (LON:ESSR) opened at 135.00 on Monday. 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 GBX 119.6 and its 200-day moving average is GBX 119.3. The company’s market cap is £1.760 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Essar Energy in a research note to investors on Thursday, July 18th. Finally, 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 ($2.66) price target on the stock.
Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 168.85 ($2.64).
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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