Gulf Keystone Upgraded by HSBC to Neutral (GKP)
Gulf Keystone (LON:GKP) was upgraded by HSBC from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, ARN reports. The firm currently has a GBX 185 ($2.97) price target on the stock. HSBC’s target price would suggest a potential upside of 7.71% from the company’s current price.
A number of other firms have also recently commented on GKP. Analysts at Macquarie reiterated a “neutral” rating on shares of Gulf Keystone in a research note to investors on Thursday, September 26th. They now have a GBX 173 ($2.78) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Gulf Keystone from GBX 210 ($3.37) to GBX 216 ($3.47) in a research note to investors on Monday, September 23rd. They now have a “hold” rating on the stock. Finally, analysts at Westhouse Securities reiterated a “sell” rating on shares of Gulf Keystone in a research note to investors on Thursday, September 19th. They now have a GBX 170 ($2.73) price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 231.40 ($3.71).
Shares of Gulf Keystone (LON:GKP) opened at 178.00 on Thursday. Gulf Keystone has a 52 week low of GBX 126.31 and a 52 week high of GBX 240.00. The stock has a 50-day moving average of GBX 186.4 and a 200-day moving average of GBX 167.8.
Gulf Keystone Petroleum Limited (LON:GKP) is a holding company.
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