Analyst Target Update on ENSCO plc (NYSE:ESV)

During the past trading session, shares of ENSCO plc (NYSE:ESV) traded -6.64%. Covering analysts are predicting the stock to move to $8.80 within the next year. Depending on the analyst, target price projections may differ widely. This target price is a consensus number based on polled analysts by Thomson Reuters. 

Analysts and investors may use different metrics in order to calculate a price target projection. A very common metric used is the price to earnins ratio of a company. This calculation comes from dividing the current share price by the projected earnings per share. At the time of writing, Ensco plc Class A Ordinary Shar has a P/E Ratio of N/A. Investors may also examine a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. A company with a PEG Ratio below one may be seen as undervalued while a PEG Ratio above one may signal that the company is overvalued. A PEG Ratio close to one may be considered to be fair value. Currently, the stock has a PEG Ratio of -0.06.

Let’s take a quick look at stock performance. Shares are currently trading $-0.57 away from the 50-day moving average of $8.30 and $-1.12 away from the 200-day moving average of $8.85. Shares are currently trading -55.85% away from the 52-week high price of 17.51 and +18.92% off the 52-week low of 6.50. Keeping an eye on the stock price relative to moving averages and yearly highs/lows may help evaluate future stock value. 

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