Barclays Reiterates Overweight Rating for Rockhopper Exploration Plc (RKH)
Rockhopper Exploration Plc (LON:RKH)‘s stock had its “overweight” rating reiterated by Barclays in a research note issued on Tuesday. They currently have a GBX 235 ($4.03) price target on the stock. Barclays’ price objective would indicate a potential upside of 150.67% from the company’s current price.
RKH has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Rockhopper Exploration Plc in a research note on Wednesday, June 4th. They now have a GBX 300 ($5.15) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Rockhopper Exploration Plc in a research note on Wednesday, May 7th. They now have a GBX 120 ($2.06) price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 240.83 ($4.13).
Rockhopper Exploration Plc (LON:RKH) traded down 2.87% on Tuesday, hitting GBX 93.73. 1,408,425 shares of the company’s stock traded hands. Rockhopper Exploration Plc has a 52-week low of GBX 85.25 and a 52-week high of GBX 159.75. The stock has a 50-day moving average of GBX 92.41 and a 200-day moving average of GBX 112.4.
Rockhopper Exploration plc (LON:RKH) is engaged in exploration and exploitation of its oil and gas acreage.
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