Transocean Ltd (Switzerland) – Consensus ‘Hold’ rating and 18.6% Upside Potential

Broker Ratings
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Transocean Ltd (Switzerland) with ticker code (RIG) now have 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 12 and 5 calculating the mean target price we have $7.38. Given that the stocks previous close was at $6.22 this is indicating there is a potential upside of 18.6%. The 50 day MA is $6.64 and the 200 day MA is $4.64. The company has a market capitalization of $4,375m. Find out more information at: https://www.deepwater.com

The potential market cap would be $5,190m based on the market consensus.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Steinhausen, Switzerland.

The company is not paying dividends at this time.

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