TD Securities Upgrades Lundin Petroleum AB to “Buy” (LUP)
Lundin Petroleum AB (TSE:LUP) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a C$24.00 price objective on the stock, down from their previous price objective of C$25.00. TD Securities’ target price would indicate a potential upside of 21.52% from the stock’s previous close.
Shares of Lundin Petroleum AB (TSE:LUP) traded down 3.54% during mid-day trading on Monday, hitting $19.05. 1,500 shares of the company’s stock traded hands. Lundin Petroleum AB has a 52 week low of $18.00 and a 52 week high of $26.30. The stock’s 50-day moving average is $20.25 and its 200-day moving average is $21.73. The company has a price-to-earnings ratio of 1975.00.
Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Lundin Petroleum AB in a research note to investors on Wednesday, November 6th.
Lundin Petroleum AB is a Sweden-based company, which explores, develops and produces oil and gas. The Company is active in nine countries and focuses on two core areas, namely Europe and South East Asia.
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