Analyst Rating Update on Bristow Group Inc (BRS)

Bristow Group Inc (NYSE:BRS) : Zacks Investment Research ranks Bristow Group Inc (NYSE:BRS) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.

Bristow Group Inc (NYSE:BRS) : 3 investment research analysts covering Bristow Group Inc (NYSE:BRS) have an average price target of $17.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $15 for the short term. Analysts expect the variance to be within $2.52 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Barclays upgrades its outlook on Bristow Group Inc (NYSE:BRS). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The brokerage firm lowers the price target from $22 per share to $20 per share. The rating by the firm was issued on June 6, 2016.

Bristow Group Inc (NYSE:BRS): stock turned positive on Tuesday. Though the stock opened at $11.9, the bulls momentum made the stock top out at $12.08 level for the day. The stock recorded a low of $11.43 and closed the trading day at $11.73, in the green by 4.73%. The total traded volume for the day was 1,360,157. The stock had closed at $11.2 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Bristow Group Inc, Flick Michael A had purchased shares worth of $91,256 in a transaction dated on June 7, 2016. A total of 5,578 shares were purchased at a price of $16.36 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Bristow Group Inc. is a provider of helicopter services to the offshore energy industry with global operations. The Company has transportation operations in the North Sea, Nigeria and the United States Gulf of Mexico, and in most of the other offshore energy producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad. It provides private sector search and rescue (SAR) services in Australia, Canada, Norway, Russia and Trinidad, and provides public sector SAR services in North Scotland on behalf of the Maritime & Coastguard Agency. It conducts its business in the Helicopter Services segment. Its Helicopter Services segment operations are conducted primarily through five business units: Europe, West Africa, North America, Australia and Other International. It provides helicopter services to a base of integrated, national and independent offshore energy companies. It also operates a training business unit, Bristow Academy and provides technical services.

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