Noble Corporation (NE) : The consensus price target for Noble Corporation (NE) is $7.87 for the short term with a standard deviation of $2.04. 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 $4.
Noble Corporation (NE) has an average broker rating of 3.25, which is interpreted as a Hold, as rated by 19 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.
Also, Equity Analysts at the Citigroup maintains the rating on Noble Corporation (NYSE:NE). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $9 per share to $6.5 per share. The rating by the firm was issued on August 25, 2016.
Noble Corporation (NYSE:NE): The stock opened at $5.78 on Thursday but the bulls could not build on the opening and the stock topped out at $5.78 for the day. The stock traded down to $5.45 during the day, due to lack of any buying support eventually closed down at $5.67 with a loss of -1.56% for the day. The stock had closed at $5.76 on the previous day. The total traded volume was 12,016,799 shares.