Hewlett Packard Enterprise (NYSE:HPE) Rating Kept

They currently have a $18.0 price target on Hewlett Packard Enterprise (NYSE:HPE). Barclays’s target would suggest a potential downside of -0.33 % from the company’s last stock price. This was revealed in an analyst note on 1 September.

According to data compiled by Thomson Reuters, Hewlett Packard Enterprise (NYSE:HPE)’s stock is covered by 23 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $20.11, which reflects an upside potential of 42.42% over the current price.

Hewlett Packard Enterprise (NYSE:HPE) Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Hewlett Packard Enterprise (NYSE:HPE) traded down -21.82% on 1 September, hitting $14.12. A total of 6.21M shares of the company’s stock traded hands. This is up from average of 1.07M shares. Hewlett Packard Enterprise has a 52 week low of $13.82 and a 52 week high of $139.53. The company has a market cap of $22.93B and a P/E ratio of 10.37.

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The post Barclays Reconfirms $18.0 TP On Hewlett Packard Enterprise (NYSE:HPE), Reconfirms “Underweight” Rating appeared first on Octafinance.