Canaccord Genuity Reiterates Buy Rating for President Energy PLC (PPC)
President Energy PLC (LON:PPC)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Wednesday. They currently have a GBX 50 ($0.84) price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 55.64% from the company’s current price.
President Energy PLC (LON:PPC) traded down 27.44% on Wednesday, hitting GBX 23.31. 6,235,080 shares of the company’s stock traded hands. President Energy PLC has a 52 week low of GBX 11.573 and a 52 week high of GBX 40.00. The stock’s 50-day moving average is GBX 33.60 and its 200-day moving average is GBX 34.27.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of President Energy PLC from GBX 70 ($1.17) to GBX 85 ($1.43) in a research note on Friday, June 20th. They now have an “outperform” rating on the stock.
President Energy PLC, formerly President Petroleum Company PLC, is engaged in are the exploration for and the evaluation and production of oil and gas.
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