Canaccord Genuity Reaffirms “Hold” Rating for Chariot Oil & Gas Limited (CHAR)
Chariot Oil & Gas Limited (LON:CHAR)‘s stock had its “hold” rating restated by research analysts at Canaccord Genuity in a report released on Tuesday. They currently have a GBX 15 ($0.25) target price on the stock. Canaccord Genuity’s target price would indicate a potential downside of 6.25% from the company’s current price.
Shares of Chariot Oil & Gas Limited (LON:CHAR) opened at 15.86 on Tuesday. Chariot Oil & Gas Limited has a one year low of GBX 15.00 and a one year high of GBX 29.50. The stock’s 50-day moving average is GBX 16.59 and its 200-day moving average is GBX 19.8.
A number of other firms have also recently commented on CHAR. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Chariot Oil & Gas Limited in a research note on Friday. Separately, analysts at Westhouse Securities reiterated a “sell” rating on shares of Chariot Oil & Gas Limited in a research note on Thursday, August 28th. They now have a GBX 17 ($0.28) price target on the stock. Finally, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Chariot Oil & Gas Limited in a research note on Thursday, August 28th. They now have a GBX 28 ($0.46) price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 28.63 ($0.48).
Chariot Oil & Gas Limited (LON:CHAR) is an oil and gas exploration company with interests in Namibia.
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