Northern Petroleum Receives “Strong buy” Rating from Goldman Sachs (NOP)

Northern Petroleum (LON: NOP)‘s stock had its “strong buy” rating reaffirmed by research analysts at Goldman Sachs in a report released on Wednesday. They currently have a $1.66 (109 GBX) target price on the stock.

Northern Petroleum (LON: NOP) opened at 50.025 on Wednesday. Northern Petroleum has a 1-year low of GBX 46.00 and a 1-year high of GBX 93.50. The stock’s 50-day moving average is currently GBX 66.44.

A number of other firms have also recently commented on NOP. Analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Northern Petroleum in a research note to investors on Tuesday, March 19th. Analysts at Westhouse Securities reiterated an “add” rating on shares of Northern Petroleum in a research note to investors on Tuesday, March 19th. They now have a $1.86 price target on the stock.

Northern Petroleum Plc is a United Kingdom-based oil and gas exploration company. It is engaged in exploration, development and production of oil and gas assets.

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