Bow Leven’s “Overweight” Rating Reaffirmed at Barclays (BLVN)
Bow Leven (LON:BLVN)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. They currently have a GBX 135 ($2.22) price objective on the stock. Barclays’ price target points to a potential upside of 287.14% from the company’s current price.
Bow Leven (LON:BLVN) traded down 2.46% during mid-day trading on Tuesday, hitting GBX 34.871. The stock had a trading volume of 4,418,424 shares. Bow Leven has a one year low of GBX 33.50 and a one year high of GBX 102.00. The stock has a 50-day moving average of GBX 37.82 and a 200-day moving average of GBX 51.16.
Bowleven plc is engaged in oil and gas exploration. It holds, through its wholly owned subsidiary, EurOil Limited, a 75% equity interest in the Etinde Permit area being three shallow water blocks in offshore Cameroon, West Africa: Blocks MLHP 5, MLHP 6 and MLHP 7.
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