Gulf Keystone Petroleum Limited Given Buy Rating at Cantor Fitzgerald Europe (GKP)
Gulf Keystone Petroleum Limited (LON:GKP)‘s stock had its “buy” rating reaffirmed by research analysts at Cantor Fitzgerald Europe in a report released on Wednesday, Analyst Ratings Network reports. They currently have a GBX 154 ($2.59) price objective on the stock. Cantor Fitzgerald Europe‘s target price indicates a potential upside of 69.23% from the company’s current price.
Shares of Gulf Keystone Petroleum Limited (LON:GKP) traded down 7.38% on Wednesday, hitting GBX 91.00. The stock had a trading volume of 7,988,179 shares. Gulf Keystone Petroleum Limited has a 52-week low of GBX 81.91 and a 52-week high of GBX 240.00. The stock has a 50-day moving average of GBX 95.70 and a 200-day moving average of GBX 144.7. The company’s market cap is £791.3 million.
A number of other analysts have also recently weighed in on GKP. Analysts at Deutsche Bank initiated coverage on shares of Gulf Keystone Petroleum Limited in a research note on Tuesday. They set a “buy” rating and a GBX 145 ($2.44) price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Gulf Keystone Petroleum Limited to a “hold” rating in a research note on Thursday, April 10th. They now have a GBX 95 ($1.60) price target on the stock, down previously from GBX 100 ($1.68). Finally, analysts at HSBC reiterated an “overweight” rating on shares of Gulf Keystone Petroleum Limited in a research note on Tuesday, April 1st. They now have a GBX 145 ($2.44) price target on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 185.78 ($3.13).
Gulf Keystone Petroleum Limited (LON:GKP) is a holding company.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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