Borders & Southern Petroleum Plc Downgraded by Canaccord Genuity to “Hold” (BOR)
Borders & Southern Petroleum Plc (LON:BOR) was downgraded by equities research analysts at Canaccord Genuity to a “hold” rating in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 17 ($0.28) target price on the stock, down from their previous target price of GBX 25 ($0.41). Canaccord Genuity’s price target suggests a potential upside of 47.83% from the stock’s previous close.
Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Borders & Southern Petroleum Plc in a research note to investors on Friday, November 1st. They now have a GBX 78 ($1.29) price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Borders & Southern Petroleum Plc presently has a consensus rating of “Buy” and an average target price of GBX 52.14 ($0.86).
Shares of Borders & Southern Petroleum Plc (LON:BOR) traded down 2.13% on Wednesday, hitting GBX 11.50. 340,790 shares of the company’s stock traded hands. Borders & Southern Petroleum Plc has a 52-week low of GBX 9.01 and a 52-week high of GBX 32.01. The stock’s 50-day moving average is GBX 11.93 and its 200-day moving average is GBX 14.65.
Borders & Southern Petroleum plc is engaged in the exploration for oil and gas. The Company is also engaged in the exploration for hydrocarbons.
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