Dragon Oil plc PT Raised to GBX 770 (DGO)
Research analysts at Nomura boosted their price target on shares of Dragon Oil plc (LON:DGO) from GBX 750 ($12.36) to GBX 770 ($12.69) in a report released on Monday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Nomura’s price objective suggests a potential upside of 27.59% from the stock’s previous close.
Dragon Oil plc (LON:DGO) opened at 603.50 on Monday. Dragon Oil plc has a 52 week low of GBX 544.00 and a 52 week high of GBX 669.00. The stock’s 50-day moving average is GBX 566.2 and its 200-day moving average is GBX 593.2. The company’s market cap is £2.965 billion.
DGO has been the subject of a number of other recent research reports. Analysts at Davy Research reiterated an “outperform” rating on shares of Dragon Oil plc in a research note to investors on Thursday, January 9th. Separately, analysts at Goldman Sachs Group Inc. cut their price target on shares of Dragon Oil plc from GBX 834 ($13.74) to GBX 766 ($12.62) in a research note to investors on Wednesday, December 11th. They now have a “neutral” rating on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Dragon Oil plc in a research note to investors on Thursday, December 5th.
Dragon Oil plc is engaged in exploration, development and production of oil and gas in Turkmenistan, Yemen and Tunisia.
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