Rockhopper Exploration Plc Given New GBX 245 Price Target at Canaccord Genuity (RKH)
Analysts at Canaccord Genuity cut their target price on shares of Rockhopper Exploration Plc (LON:RKH) from GBX 265 ($4.40) to GBX 245 ($4.07) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 162.31% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Rockhopper Exploration Plc in a research note on Friday, July 11th. They now have a GBX 300 ($4.98) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Rockhopper Exploration Plc in a research note on Tuesday, July 8th. They now have a GBX 235 ($3.90) price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Rockhopper Exploration Plc has an average rating of “Buy” and a consensus target price of GBX 237.50 ($3.94).
Rockhopper Exploration Plc (LON:RKH) opened at 92.025 on Tuesday. Rockhopper Exploration Plc has a 1-year low of GBX 85.25 and a 1-year high of GBX 159.75. The stock’s 50-day moving average is GBX 91.63 and its 200-day moving average is GBX 97.96.
Rockhopper Exploration plc (LON:RKH) is engaged in exploration and exploitation of its oil and gas acreage.
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