Heritage Oil Price Target Lowered to GBX 265 at Canaccord Genuity (HOIL)
Analysts at Canaccord Genuity reduced their price objective on shares of Heritage Oil (LON:HOIL) from GBX 310 ($5.11) to GBX 265 ($4.37) in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 57.97% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Heritage Oil in a research note to investors on Thursday, January 9th. They now have a GBX 245 ($4.04) price target on the stock. Separately, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Heritage Oil in a research note to investors on Thursday, January 9th. They now have a GBX 237 ($3.91) price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Heritage Oil from GBX 200 ($3.30) to GBX 220 ($3.63) in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 223 ($3.68).
Heritage Oil (LON:HOIL) traded up 0.45% on Wednesday, hitting GBX 167.75. The stock had a trading volume of 411,071 shares. Heritage Oil has a 52 week low of GBX 121.70 and a 52 week high of GBX 224.70. The stock has a 50-day moving average of GBX 154.7 and a 200-day moving average of GBX 168.. The company’s market cap is £432.7 million.
Heritage Oil Plc is an independent international oil and gas exploration, development and production company in Africa, the Middle East, Russia and South Asia.
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