Macquarie Reiterates “Neutral” Rating for Gulf Keystone (GKP)
Gulf Keystone (LON:GKP)‘s stock had its “neutral” rating restated by investment analysts at Macquarie in a note issued to investors on Thursday, ARN reports. They currently have a GBX 173 ($2.77) price objective on the stock. Macquarie’s price objective suggests a potential downside of 11.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Gulf Keystone (LON:GKP) from GBX 210 ($3.36) to GBX 216 ($3.46) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Westhouse Securities reiterated a “sell” rating on shares of Gulf Keystone (LON:GKP) in a research note to investors on Thursday, September 19th. They now have a GBX 170 ($2.72) price target on the stock. Finally, analysts at HSBC downgraded shares of Gulf Keystone (LON:GKP) to an “underweight” rating in a research note to investors on Thursday, September 12th. They now have a GBX 185 ($2.96) price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 231.40 ($3.71).
Gulf Keystone (LON:GKP) traded up 0.99% during mid-day trading on Thursday, hitting GBX 195.9237. 2,842,312 shares of the company’s stock traded hands. Gulf Keystone has a one year low of GBX 126.31 and a one year high of GBX 242.75. The stock’s 50-day moving average is GBX 186.4 and its 200-day moving average is GBX 167.8.
Gulf Keystone Petroleum Limited (LON:GKP) is a holding company.
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