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A statement released earlier today by Jefferies & Co about Noble Corporation (NYSE:NE) bumps down the target price to $6.00

Having a price of $5.67, Noble Corporation (NYSE:NE) traded 0.63% higher on the day. With the last stock price down -24.25% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. NE has recorded a 50-day average of $5.89 and a two hundred day average of $8.37. Trade Volume was up over the average, with 11,324,397 shares of NE changing hands over the typical 9,597,610

Jefferies & Co dropped the price target of Noble Corporation (NYSE:NE) to $6.00 stating a potential upside of 0.06%.

See Chart Below

Noble Corporation (NYSE:NE)

Noble Corporation has a 52 week low of $5.09 and a 52 week high of $14.64 with a P/E ratio of 2.64 The company’s market cap is currently $0.

In addition to Jefferies & Co reporting its target price, a total of 30 firms have issued a report on the stock. The consensus target price is $9.71 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Noble Corporation (NYSE:NE)

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It owns and operates a fleet of mobile offshore drilling units. As of February 25, 2016, the company operated a fleet of 30 drilling rigs consisted of 14 jackups, 8 drillships, and 8 semisubmersibles, which included 1 high-specification, harsh environment jackup under construction. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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