Bow Leven Rating Reiterated by Barclays (BLVN)
Bow Leven (LON:BLVN)‘s stock had its “overweight” rating restated by research analysts at Barclays in a report released on Tuesday. They currently have a GBX 135 ($2.32) price objective on the stock. Barclays’ price objective would suggest a potential upside of 246.15% from the company’s current price.
Shares of Bow Leven (LON:BLVN) traded down 1.74% on Tuesday, hitting GBX 39.303. The stock had a trading volume of 2,129,068 shares. Bow Leven has a one year low of GBX 28.25 and a one year high of GBX 71.00. The stock has a 50-day moving average of GBX 37.85 and a 200-day moving average of GBX 35.59.
A number of other analysts have also recently weighed in on BLVN. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Bow Leven in a research note on Tuesday, June 24th. They now have a GBX 95 ($1.63) price target on the stock.
Bowleven plc is engaged in oil and gas exploration. It holds, through its wholly owned subsidiary, EurOil Limited, a 75% equity interest in the Etinde Permit area being three shallow water blocks in offshore Cameroon, West Africa: Blocks MLHP 5, MLHP 6 and MLHP 7.
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