Canaccord Genuity Increases Bankers Petroleum Ltd Price Target to GBX 6 (BNK)
Equities researchers at Canaccord Genuity increased their price objective on shares of Bankers Petroleum Ltd (LON:BNK) from GBX 5 ($0.08) to GBX 6 ($0.10) in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential downside of 97.38% from the company’s current price.
Bankers Petroleum Ltd (LON:BNK) traded up 1.78% during mid-day trading on Thursday, hitting GBX 229.00. The stock had a trading volume of 213 shares. Bankers Petroleum Ltd has a 52 week low of GBX 145.00 and a 52 week high of GBX 208.20. The stock’s 50-day moving average is GBX 208.5 and its 200-day moving average is GBX 186.9.
Several other analysts have also recently commented on the stock. Analysts at Dundee Securities raised their price target on shares of Bankers Petroleum Ltd from GBX 7.10 ($0.11) to GBX 7.20 ($0.12) in a research note to investors on Monday. Separately, analysts at Scotiabank raised their price target on shares of Bankers Petroleum Ltd from GBX 5 ($0.08) to GBX 5.50 ($0.09) in a research note to investors on Tuesday, September 24th. Finally, analysts at Haywood Securities raised their price target on shares of Bankers Petroleum Ltd from GBX 4.50 ($0.07) to GBX 5 ($0.08) in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and two have given a buy rating to the company. Bankers Petroleum Ltd has a consensus rating of “Buy” and an average price target of GBX 82.74 ($1.33).
Bankers Petroleum Ltd. (LON:BNK) is engaged in the exploration for and development and production of oil in Albania.
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