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Citigroup Inc. began coverage on shares of SEPLAT Petroleum Development Co (LON:SEPL) in a research note issued on Wednesday. The firm set a “neutral” rating and a GBX 270 ($4.54) price target on the stock. Citigroup Inc.’s price objective points to a potential upside of 17.90% from the stock’s previous close.

SEPLAT Petroleum Development Co (LON:SEPL) traded up 0.87% on Wednesday, hitting GBX 231.00. 114,439 shares of the company’s stock traded hands. SEPLAT Petroleum Development Co has a 1-year low of GBX 202.50 and a 1-year high of GBX 250.00. The stock’s 50-day moving average is GBX 231.2 and its 200-day moving average is GBX 231.2.

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