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Goldman Sachs Group Inc. upgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) to Neutral in a report released today.

Goldman Sachs Group Inc. has upgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) to Neutral in a report released on 9/21/2016.

Yesterday Noble Corporation Ordinary Shares (UK) (NYSE:NE) traded -4.41% lower at $5.24. The company’s 50-day moving average is $6.04 and its 200-day moving average is $8.56. The last stock close price is down -36.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 9,962,514 shares of the stock were exchanged, up from an average trading volume of 9,237,890

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Noble Corporation Ordinary Shares (UK) (NYSE:NE)

Noble Corporation Ordinary Shares (UK) has a 52 week low of $5.09 and a 52 week high of $14.64 with a P/E ratio of 2.26 The company’s market cap is currently $0.

In addition to Goldman Sachs Group Inc. reporting its target price, a total of 30 firms have reported 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 Ordinary Shares (UK) (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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