Bristow Group Inc (BRS) Shares are Up 12.16%

Bristow Group Inc (BRS) : Traders are bullish on Bristow Group Inc (BRS) as it has outperformed the S&P 500 by a wide margin of 26.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.98%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.16% in the last 1 week, and is up 26.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 18.12% and the 50-Day Moving Average is 20.04%.The 200 Day SMA reached 13.17%

Bristow

Bristow Group Inc (NYSE:BRS): After opening at $14.01, the stock dipped to an intraday low of $13.79 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.34 and the buying power remained strong till the end. The stock closed at $14.02 for the day, a gain of 0.36% for the day session. The total traded volume was 1,133,290. The stocks close on the previous trading day was $14.02.

Bristow Group Inc (BRS) stock is expected to deviate a maximum of $4.16 from the average target price of $15.33 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $12.

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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