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Zacks Investment Research downgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) to Sell in a report released today.

Yesterday Noble Corporation Ordinary Shares (UK) (NYSE:NE) traded -2.37% lower at $6.34. The company’s 50-day moving average is $5.89 and its 200-day moving average is $8.37. The last stock close price is down -26.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,068,641 shares of the stock were exchanged, down from an average trading volume of 9,597,610

Zacks Investment Research has downgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) to Sell in a report released on Monday October 03, 2016.

Previously on Wednesday September 28, 2016, Vetr Inc. reported about Noble Corporation Ordinary Shares (UK) (NYSE:NE) raised the target price from $0.00 to $6.90. At the time, this indicated a possible upside of 0.11%.

See Chart Below

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 2.58 The company’s market cap is currently $0.

In addition to Zacks Investment Research 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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