Providence Resources Corp’s “Hold” Rating Reaffirmed at Numis Securities Ltd (PVR)
Providence Resources Corp (LON:PVR)‘s stock had its “hold” rating restated by research analysts at Numis Securities Ltd in a report released on Wednesday, American Banking News reports. They currently have a GBX 662 ($10.87) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 165.86% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Providence Resources Corp in a research note to investors on Friday, January 10th. They now have a GBX 2,200 ($36.11) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Providence Resources Corp in a research note to investors on Friday, December 6th. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Providence Resources Corp in a research note to investors on Wednesday, November 13th. They now have a GBX 969 ($15.91) price target on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Providence Resources Corp currently has a consensus rating of “Buy” and a consensus price target of GBX 1,290.28 ($21.18).
Providence Resources Corp (LON:PVR) traded down 2.98% during mid-day trading on Wednesday, hitting GBX 244.00. 44,806 shares of the company’s stock traded hands. Providence Resources Corp has a one year low of GBX 215.00 and a one year high of GBX 670.00. The stock has a 50-day moving average of GBX 243.3 and a 200-day moving average of GBX 327.7.
Providence Resources P.l.c. (LON:PVR) is an oil and gas exploration and production company.
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