President Energy PLC Lowered to “Speculative Buy” at Canaccord Genuity (PPC)
President Energy PLC (LON:PPC) was downgraded by research analysts at Canaccord Genuity to a “speculative buy” rating in a report released on Tuesday. They currently have a GBX 50 ($0.83) target price on the stock. Canaccord Genuity’s price target would suggest a potential upside of 143.90% from the stock’s previous close.
Shares of President Energy PLC (LON:PPC) opened at 20.05 on Tuesday. President Energy PLC has a 1-year low of GBX 11.573 and a 1-year high of GBX 40.00. The stock’s 50-day moving average is GBX 27.8 and its 200-day moving average is GBX 32.17.
A number of other firms have also recently commented on PPC. Analysts at RBC Capital raised their price target on shares of President Energy PLC from GBX 70 ($1.16) to GBX 85 ($1.41) 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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