Rock Hopper Exploration Stock Rating Reaffirmed by Panmure Gordon (RKH)
Rock Hopper Exploration (LON:RKH)‘s stock had its “buy” rating restated by analysts at Panmure Gordon in a research report issued to clients and investors on Thursday, American Banking & Market News reports. They currently have a GBX 225 ($3.71) price objective on the stock. Panmure Gordon’s price target indicates a potential upside of 44.06% from the stock’s previous close.
Rock Hopper Exploration (LON:RKH) traded down 2.13% on Thursday, hitting GBX 152.6742. 2,594,560 shares of the company’s stock traded hands. Rock Hopper Exploration has a 52-week low of GBX 111.00 and a 52-week high of GBX 172.25. The stock has a 50-day moving average of GBX 149.6 and a 200-day moving average of GBX 137.5.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Rock Hopper Exploration from GBX 370 ($6.10) to GBX 345 ($5.69) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 264.07 ($4.35).
Rockhopper Exploration plc (LON:RKH) is engaged in exploration and exploitation of its oil and gas acreage.
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