Gulf Keystone Petroleum Limited Given New GBX 70 Price Target at Canaccord Genuity (GKP)
Investment analysts at Canaccord Genuity decreased their price target on shares of Gulf Keystone Petroleum Limited (LON:GKP) from GBX 100 ($1.66) to GBX 70 ($1.16) in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 10.26% from the company’s current price.
Shares of Gulf Keystone Petroleum Limited (LON:GKP) opened at 78.48 on Tuesday. Gulf Keystone Petroleum Limited has a 52-week low of GBX 61.00 and a 52-week high of GBX 240.00. The stock’s 50-day moving average is GBX 79.8 and its 200-day moving average is GBX 98.99. The company’s market cap is £682.4 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Gulf Keystone Petroleum Limited from GBX 145 ($2.41) to GBX 140 ($2.32) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Gulf Keystone Petroleum Limited in a research note on Thursday, August 28th. They now have a GBX 154 ($2.56) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Gulf Keystone Petroleum Limited in a research note on Thursday, August 28th. They now have a GBX 125 ($2.07) price target on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 134.50 ($2.23).
Gulf Keystone Petroleum Limited (LON:GKP) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.