Dragon Oil plc Price Target Lowered to GBX 750 at Nomura (DGO)
Research analysts at Nomura lowered their target price on shares of Dragon Oil plc (LON:DGO) from GBX 800 ($12.91) to GBX 750 ($12.10) in a report released on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. Nomura’s price objective suggests a potential upside of 28.76% from the stock’s previous close.
Shares of Dragon Oil plc (LON:DGO) traded up 1.13% during mid-day trading on Wednesday, hitting GBX 582.50. The stock had a trading volume of 1,072,530 shares. Dragon Oil plc has a 52-week low of GBX 483.75 and a 52-week high of GBX 669.00. The stock has a 50-day moving average of GBX 103.9 and a 200-day moving average of GBX 72.90. The company’s market cap is £2.862 billion.
Dragon Oil plc is engaged in exploration, development and production of oil and gas in Turkmenistan, Yemen and Tunisia.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.