What is going on with this stock, yes I know about the write down of their assets and oil demand being down but as we approach Autumn and re-opening after COVID oil is increasing in value. This stock just keeps falling and falling - broker alerts are all look to be ok even if some slight downgrades but they are still way above current price
Date Broker Recomm. Price Old Target New Target Notes
26 Aug Barclays Capital Underweight 1,080.60 1,500.00 - Downgrades
31 Jul Berenberg Hold 1,080.60 1,440.00 1,450.00 Reiterates
15 Jul JP Morgan Cazenove Neutral 1,080.60 1,650.00 1,700.00 Reiterates
11 Jul Morgan Stanley Equal weight 1,080.60 1,050.00 - Downgrades
02 Jul Barclays Capital Equal weight 1,080.60 1,500.00 - Reiterates
Would you hold if you invested ie wait 2-3 months as at present this stock hasnt been anything for months now. It’s got cob webs on it!