Rock Hopper Exploration Upgraded by Goldman Sachs Group Inc. to “Conviction-Buy” (RKH)
Rock Hopper Exploration (LON:RKH) was upgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. The firm currently has a GBX 316 ($5.04) target price on the stock, down from their previous target price of GBX 326 ($5.20). Goldman Sachs Group Inc.’s target price suggests a potential upside of 112.96% from the stock’s previous close.
Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rock Hopper Exploration in a research note to investors on Friday, August 23rd. They now have a GBX 365 ($5.83) price target on the stock, down previously from GBX 422 ($6.74). One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 273.92 ($4.37).
Shares of Rock Hopper Exploration (LON:RKH) traded up 6.56% during mid-day trading on Monday, hitting GBX 148.383. 3,829,621 shares of the company’s stock traded hands. Rock Hopper Exploration has a 52-week low of GBX 111.00 and a 52-week high of GBX 178.25. The stock has a 50-day moving average of GBX 126. and a 200-day moving average of GBX 135.0.
Rockhopper Exploration plc (LON:RKH) is engaged in exploration and exploitation of its oil and gas acreage.
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