30m contract2 Jul 2015 09:38
Numis Securities Ltd Upgrades Apr Energy PLC to “Buy” (APR)
Posted by Jim Brewer on Jul 1st, 2015 // No Comments
Apr Energy PLC logoApr Energy PLC (LON:APR) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a GBX 425 ($6.67) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 269.57% from the stock’s previous close.
A number of other analysts have also recently weighed in on APR. Analysts at Jefferies Group raised their price target on shares of Apr Energy PLC from GBX 270 ($4.24) to GBX 290 ($4.55) and gave the company an “underperform” rating in a research note on Monday, June 15th. Analysts at Morgan Stanley reiterated an “equal weight” rating and set a GBX 330 ($5.18) price target on shares of Apr Energy PLC in a research note on Friday, June 5th. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Apr Energy PLC in a research note on Thursday, May 28th. Analysts at Citigroup Inc. downgraded shares of Apr Energy PLC to a “sell” rating and raised their price target for the stock from GBX 200 ($3.14) to GBX 300 ($4.71) in a research note on Thursday, March 19th. Finally, analysts at Investec reiterated a “hold” rating and set a GBX 330 ($5.18) price target on shares of Apr Energy PLC in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Apr Energy PLC has an average rating of “Hold” and a consensus price target of GBX 309.14 ($4.85).
Apr Energy PLC (LON:APR) opened at 115.00 on Wednesday. Apr Energy PLC has a 52-week low of GBX 92.25 and a 52-week high of GBX 653.00. The stock’s 50-day moving average is GBX 304.91 and its 200-day moving average is GBX 296.65.
APR Energy PLC, formerly Horizon Acquisition Company plc, offers temporary power solutions on a fast-track basis to utility and industrial customers worldwide. The Company’s fleet of deployable turnkey power plants can be utilized for applications, including supplemental base-load capacity, disaster relief, seasonal peak shaving, or unscheduled outages. The average duration of its contracts is between 12 and 18 months. During a contract it provides turnkey suites of logistics, engineering, installation, operational and maintenance services. APR has a diverse fleet of both reciprocating diesel and natural gas generators, as well as advanced mobile dual-fuel turbine units. Its solutions include distributed generation, peak shaving, and grid stability and support. In June 13, 2011, the Company through its subsidiary, APR Energy Holding Limited acquired APR Energy Cayman Limited and membership