Ensco Plc (ESV) Receives a Hold from Piper Jaffray


In a report released yesterday, Ian Macpherson from Piper Jaffray reiterated a Hold rating on Ensco Plc (ESV), with a price target of $8.65. The company’s shares closed on Friday at $7.16.

According to TipRanks.com, Macpherson is a 1-star analyst with an average return of -1.5% and a 39.8% success rate. Macpherson covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Diamond Offshore Drilling, and Oceaneering International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ensco Plc with a $9.64 average price target, a 34.6% upside from current levels. In a report issued on October 31, Susquehanna also reiterated a Hold rating on the stock with a $8 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $9.51 and a one-year low of $4.10. Currently, Ensco Plc has an average volume of 11.52M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ensco Plc engages in the provision of offshore drilling services to the petroleum industry. The company provides drilling services to major international, government-owned and independent oil and gas companies. It operates its business through the following segments: Floaters, Jackups, and Others.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts