Gulfsands Petroleum Price Target Lowered to GBX 72 at Cantor Fitzgerald (GPX)
Analysts at Cantor Fitzgerald decreased their price objective on shares of Gulfsands Petroleum (LON:GPX) from GBX 162 ($2.66) to GBX 72 ($1.18) in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 54.01% from the stock’s previous close.
Gulfsands Petroleum (LON:GPX) traded down 6.35% during mid-day trading on Friday, hitting GBX 44.25. The stock had a trading volume of 49,830 shares. Gulfsands Petroleum has a 52-week low of GBX 46.00 and a 52-week high of GBX 118.75. The stock has a 50-day moving average of GBX 55.94 and a 200-day moving average of GBX 60.04.
Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Gulfsands Petroleum in a research note to investors on Monday, December 23rd. They now have a GBX 100 ($1.64) price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Gulfsands Petroleum presently has a consensus rating of “Hold” and an average target price of GBX 123.14 ($2.02).
Gulfsands Petroleum plc (LON:GPX) is an independent oil and gas exploration and production company.
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