Price Target Update on Noble Corporation (NYSE:NE)

Noble Corporation (NYSE:NE) : The consensus price target for Noble Corporation (NYSE:NE) is $8.77 for the short term with a standard deviation of $2.46. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $2.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Argus Research downgrades its ratings on Noble Corporation (NYSE:NE). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 20, 2016.

Noble Corporation (NYSE:NE): stock turned positive on Thursday. Though the stock opened at $9.37, the bulls momentum made the stock top out at $9.58 level for the day. The stock recorded a low of $9.255 and closed the trading day at $9.53, in the green by 3.81%. The total traded volume for the day was 6,102,510. The stock had closed at $9.18 in the previous days trading.

The company shares have dropped -38.31% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $15.52 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $8.99 and the 200 Day Moving Average price is recorded at $9.64. On the companys insider trading activities, Cawley Michael A, director of Noble Corp Plc, unloaded 20,000 shares at an average price of $13.52 on March 7, 2016. The total amount of the transaction was worth $270,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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