Brokerage Firm Rating Update on Noble Corporation (NE)

Noble Corporation (NE) : 1 brokerage houses believe that Noble Corporation (NE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Noble Corporation (NE). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Hold with a rating of 3.25.

Noble Corporation (NE) : The highest level Noble Corporation (NE) is projected to reach is $11 for the short term and the lowest estimate is at $4. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $7.87 and the possibility the share price can swing is $2.04.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Citigroup maintains its rating on Noble Corporation (NYSE:NE).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup lowers the new 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): stock was range-bound between the intraday low of $5.75 and the intraday high of $6.03 after having opened at $5.99 on Wednesdays session. The stock finally closed in the red at $5.99, a loss of -3.03%. The stock remained in the red for the whole trading day. The total traded volume was 9,358,236 shares. The stock failed to cross $6.03 in Wednesdays trading. The stocks closing price on Thursday was $5.95.

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