Noble Corporation (NE) Receives ‘Analyst’ Rating

Noble Corporation (NE) : The consensus on Noble Corporation (NE) based on 19 analyst recommendation on the company stock is 3.25, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Noble Corporation (NE).

Noble Corporation (NE) : 15 Wall Street analysts covering Noble Corporation (NE) believe that the average level the stock could reach for the short term is $7.87. The maximum price target given is $11 and the minimum target for short term is around $4, hence the standard deviation is calculated at $2.04.


Also, Major Brokerage house, Citigroup maintains its ratings on Noble Corporation (NYSE:NE). In the latest research report, Citigroup lowers the target price from $9 per share to $6.5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

Noble Corporation (NYSE:NE): After opening at $5.38, the stock dipped to an intraday low of $5.17 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.49 and the buying power remained strong till the end. The stock closed at $5.46 for the day, a gain of 1.87% for the day session. The total traded volume was 12,044,897. The stocks close on the previous trading day was $5.36.

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