Deutsche Bank Reiterates “Buy” Rating for Gulf Keystone Petroleum Limited (GKP)
Gulf Keystone Petroleum Limited (LON:GKP)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Thursday. They currently have a GBX 145 ($2.47) price objective on the stock. Deutsche Bank’s target price would indicate a potential upside of 80.69% from the stock’s previous close.
Shares of Gulf Keystone Petroleum Limited (LON:GKP) traded up 18.38% on Thursday, hitting GBX 95.00. 8,120,637 shares of the company’s stock traded hands. Gulf Keystone Petroleum Limited has a one year low of GBX 72.25 and a one year high of GBX 240.00. The stock’s 50-day moving average is GBX 90.43 and its 200-day moving average is GBX 128.6. The company’s market cap is £826.1 million.
A number of other firms have also recently commented on GKP. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Gulf Keystone Petroleum Limited in a research note on Wednesday. They now have a GBX 125 ($2.13) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Gulf Keystone Petroleum Limited in a research note on Wednesday, May 14th. They now have a GBX 154 ($2.62) price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 139.50 ($2.37).
Gulf Keystone Petroleum Limited (LON:GKP) is a holding company.
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