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Global Energy Development PLC (LON:GED)‘s stock had its “buy” rating restated by stock analysts at Northland Securities in a report issued on Wednesday. They currently have a GBX 181 ($3.00) price objective on the stock. Northland Securities’ target price points to a potential upside of 258.42% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital Partners reiterated a “buy” rating on shares of Global Energy Development PLC in a research note on Thursday, July 31st. They now have a GBX 181 ($3.00) price target on the stock.

Global Energy Development PLC (LON:GED) traded down 5.94% during mid-day trading on Wednesday, hitting GBX 47.50. 90,578 shares of the company’s stock traded hands. Global Energy Development PLC has a one year low of GBX 42.10 and a one year high of GBX 94.50. The stock has a 50-day moving average of GBX 63.20 and a 200-day moving average of GBX 72.59.

Global Energy Development PLC is a petroleum exploration and production company focused on Latin America.

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