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Global Energy Development PLC (LON:GED)‘s stock had its “buy” rating reaffirmed by equities research analysts at Nomura in a research note issued to investors on Thursday, Analyst Ratings News reports.

Global Energy Development PLC (LON:GED) traded up 2.21% on Thursday, hitting GBX 69.50. The stock had a trading volume of 115,278 shares. Global Energy Development PLC has a one year low of GBX 65.25 and a one year high of GBX 110.00. The stock’s 50-day moving average is GBX 71.97 and its 200-day moving average is GBX 84.15.

A number of other analysts have also recently weighed in on GED. Analysts at Northland Securities reiterated a “buy” rating on shares of Global Energy Development PLC in a research note on Thursday. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Global Energy Development PLC in a research note on Wednesday, April 16th. They now have a GBX 196 ($3.31) price target on the stock. Finally, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Global Energy Development PLC in a research note on Wednesday, April 16th. They now have a GBX 196 ($3.31) price target on the stock.

Global Energy Development PLC is a petroleum exploration and production company focused on Latin America.

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