Rock Hopper Exploration PT Lowered to GBX 345 (RKH)
Canaccord Genuity dropped their price target on shares of Rock Hopper Exploration (LON:RKH) from GBX 370 ($6.10) to GBX 345 ($5.69) in a research note issued on Wednesday, AR Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 120.90% from the stock’s previous close.
Rock Hopper Exploration (LON:RKH) traded down 0.20% on Wednesday, hitting GBX 156.18. The stock had a trading volume of 445,394 shares. Rock Hopper Exploration has a 52-week low of GBX 111.00 and a 52-week high of GBX 174.00. The stock has a 50-day moving average of GBX 149.2 and a 200-day moving average of GBX 137.4.
Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Rock Hopper Exploration in a research note to investors on Wednesday, December 18th. They now have a GBX 225 ($3.71) price target on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 264.07 ($4.35).
Rockhopper Exploration plc (LON:RKH) is engaged in exploration and exploitation of its oil and gas acreage.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.