Petroceltic International Plc Lowered to Hold at Liberum Capital (PCI)
Petroceltic International Plc (LON:PCI) was downgraded by Liberum Capital to a “hold” rating in a research note issued on Thursday, Stock Ratings Network.com reports. They currently have a GBX 189 ($3.10) price objective on the stock, down from their previous price objective of GBX 218 ($3.58). Liberum Capital’s price objective points to a potential upside of 9.44% from the stock’s previous close.
Shares of Petroceltic International Plc (LON:PCI) traded up 0.99% during mid-day trading on Thursday, hitting GBX 172.70. 215,474 shares of the company’s stock traded hands. Petroceltic International Plc has a one year low of GBX 129.00 and a one year high of GBX 200.00. The stock has a 50-day moving average of GBX 161.4 and a 200-day moving average of GBX 148.2.
PCI has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petroceltic International Plc in a research note to investors on Tuesday. They now have a GBX 250 ($4.10) price target on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Petroceltic International Plc in a research note to investors on Friday, December 13th. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Petroceltic International Plc in a research note to investors on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 177.69 ($2.91).
Petroceltic International plc (LON:PCI) is an international oil and gas exploration, development and production company.
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