Noble held at 'buy' with $1.53 target price by Citi

Stock Name: Noble
Company Name: NOBLE GROUP LIMITED

Research House: Citigroup

Price Call: BUY

Target Price: 1.53

SINGAPORE (Nov 10): Citi Research has maintained its "buy" call on global supply chain manager Noble Group with a higher target price of $1.53.

In a Nov 9 report by analyst Patrick Yau, Noble's 3Q results show further improvement in Noble's agricultural segment while its energy unit performed well. The company's balance sheet also looks stronger now with reduced gearing and financing costs.