President Energy PLC Now Covered by Analysts at Canaccord Genuity (PPC)
Investment analysts at Canaccord Genuity assumed coverage on shares of President Energy PLC (LON:PPC) in a note issued to investors on Friday, AR Network reports. The firm set a “buy” rating and a GBX 56 ($0.90) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 140.86% from the stock’s previous close.
President Energy PLC (LON:PPC) traded up 3.23% on Friday, hitting GBX 24.00. 154,038 shares of the company’s stock traded hands. President Energy PLC has a 52 week low of GBX 14.50 and a 52 week high of GBX 29.288. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
PPC has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of President Energy PLC in a research note to investors on Tuesday, September 24th. Analysts at Jefferies Group reiterated a “buy” rating on shares of President Energy PLC in a research note to investors on Tuesday, September 24th. They now have a GBX 35 ($0.56) price target on the stock.
President Energy PLC, formerly President Petroleum Company PLC, is engaged in are the exploration for and the evaluation and production of oil and gas.
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