Niko Resources’s Neutral Rating Reaffirmed at CSFB (NKO)
Niko Resources (TSE:NKO)‘s stock had its “neutral” rating restated by investment analysts at CSFB in a note issued to investors on Wednesday, Stock Ratings News reports. They currently have a C$2.50 target price on the stock. CSFB’s target price suggests a potential upside of 1.21% from the company’s current price.
A number of other firms have also recently commented on NKO. Analysts at Canaccord Genuity raised their price target on shares of Niko Resources from C$1.50 to C$2.00 in a research note to investors on Wednesday, January 1st. They now have a “sell” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Niko Resources from C$7.00 to C$8.00 in a research note to investors on Monday, December 23rd. They now have a “speculative buy” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$4.83.
Niko Resources (TSE:NKO) traded down 2.83% during mid-day trading on Wednesday, hitting $2.40. The stock had a trading volume of 269,120 shares. Niko Resources has a 52 week low of $1.12 and a 52 week high of $11.18. The stock has a 50-day moving average of $2.08 and a 200-day moving average of $4.48. The company’s market cap is $168.5 million.
Niko Resources (TSE:NKO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported ($2.12) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $1.98. On average, analysts predict that Niko Resources will post $-3.56 earnings per share for the current fiscal year.
Niko Resources Ltd. (TSE:NKO) is engaged in the exploration for and development and production of natural gas and oil in India, Bangladesh, Indonesia, the Kurdistan region of Iraq, Trinidad, Pakistan and Madagascar.
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