Analyst Rating Update on Noble Corporation (NE)

Noble Corporation (NE) : Zacks Investment Research ranks Noble Corporation (NE) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 3 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 3.09, which indicates as a Hold.

Noble Corporation (NE) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $2. The average forecast of all the analysts is $8.1 and the expected standard deviation is $2.33.

Company shares have received an average consensus rating of Hold for the current week Also, Jefferies maintains their rating on the shares of Noble Corporation (NYSE:NE). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $7.5 per share from $8 per share. The rating by the firm was issued on July 29, 2016.


Noble Corporation (NYSE:NE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.83 and $6.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.18, notching a gain of 4.66% for the day. The total traded volume was 8,899,620 . The stock had closed at $6.86 on the previous day.

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