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Equities researchers at Canaccord Genuity started coverage on shares of Lekoil (LON:LEK) in a research report issued on Tuesday. The firm set a “speculative buy” rating and a GBX 75 ($1.24) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 23.46% from the company’s current price.

Shares of Lekoil (LON:LEK) opened at 59.25 on Tuesday. Lekoil has a 52-week low of GBX 39.50 and a 52-week high of GBX 81.407. The stock’s 50-day moving average is GBX 65.76 and its 200-day moving average is GBX 65.86.

Separately, analysts at Oriel Securities Ltd initiated coverage on shares of Lekoil in a research note on Thursday, July 10th. They set a “buy” rating and a GBX 95 ($1.58) price target on the stock.

Lekoil Ltd is a Africa-based oil and gas exploration and production company. The Company holds interests offshore Nigeria and offshore Namibia.

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