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Transocean Ltd (Symbol: RIG) shares have surpassed the average analyst 12-month target price of $8.55, currently trading at $8.69 per share. This shift prompts analysts to consider either downgrading their valuation or adjusting their target upwards, depending on the company’s performance.
Among 10 analysts covering Transocean, target prices range from a low of $6.00 to a high of $12.00, with a standard deviation of $2.074. Recent ratings show 4 strong buy ratings, 5 hold ratings, and 2 sell ratings, giving an average rating of 2.55 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell.”
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