Gulf Keystone Stock Rating Upgraded by Goldman Sachs Group Inc. (GKP)
Gulf Keystone (LON:GKP) was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, American Banking and Market News reports. The firm currently has a GBX 283 ($4.52) price target on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 54.51% from the company’s current price.
Gulf Keystone (LON:GKP) traded up 2.47% on Monday, hitting GBX 183.1584. The stock had a trading volume of 4,002,739 shares. Gulf Keystone has a one year low of GBX 126.31 and a one year high of GBX 240.00. The stock’s 50-day moving average is GBX 186.4 and its 200-day moving average is GBX 167.8.
A number of other analysts have also recently weighed in on GKP. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Gulf Keystone in a research note to investors on Thursday. They now have a GBX 170 ($2.71) price target on the stock. Separately, analysts at HSBC upgraded shares of Gulf Keystone from an “underweight” rating to a “neutral” rating in a research note to investors on Thursday. They now have a GBX 185 ($2.95) price target on the stock. Finally, 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 ($2.76) price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 233.20 ($3.72).
Gulf Keystone Petroleum Limited (LON:GKP) is a holding company.
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