FBR Capital Markets Initiates Coverage on Glori Energy (GLRI)
Analysts at FBR Capital Markets initiated coverage on shares of Glori Energy (NASDAQ:GLRI) in a research report issued to clients and investors on Wednesday. The firm set an “outperform” rating on the stock.
Glori Energy (NASDAQ:GLRI) traded down 1.30% on Wednesday, hitting $9.10. 105,621 shares of the company’s stock traded hands. Glori Energy has a 52-week low of $7.51 and a 52-week high of $12.44. The stock has a 50-day moving average of $10.33 and a 200-day moving average of $8.60. The company’s market cap is $30.0 million.
A number of other analysts have also recently weighed in on GLRI. Analysts at Robert W. Baird reiterated an “outperform” rating on shares of Glori Energy in a research note on Friday, May 16th. They now have a $12.00 price target on the stock. Separately, analysts at Maxim Group initiated coverage on shares of Glori Energy in a research note on Thursday, May 15th. They set a “buy” rating and a $11.00 price target on the stock.
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