President Energy PLC (PPC) Given New GBX 17 Price Target at Peel Hunt
President Energy PLC (LON:PPC) had its target price lowered by stock analysts at Peel Hunt from GBX 18 ($0.23) to GBX 17 ($0.22) in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 121.50% from the company’s previous close.
Separately, Canaccord Genuity reiterated a “speculative buy” rating and issued a GBX 12 ($0.16) target price on shares of President Energy PLC in a research note on Wednesday, August 31st.
President Energy PLC (LON:PPC) traded up 1.790% during midday trading on Tuesday, reaching GBX 7.675. The company’s stock had a trading volume of 994,126 shares. The firm has a 50-day moving average price of GBX 11.61 and a 200 day moving average price of GBX 9.00. President Energy PLC has a 52-week low of GBX 4.51 and a 52-week high of GBX 14.72. The stock’s market capitalization is GBX 36.20 million.
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In other President Energy PLC news, insider Levine,Peter M purchased 150,000 shares of the business’s stock in a transaction on Friday, July 15th. The stock was purchased at an average price of GBX 8 ($0.10) per share, for a total transaction of £12,000 ($15,663.75).
About President Energy PLC
President Energy PLC is an independent, international oil and gas exploration and production company focused on South America. The Company has oil and gas production in two geographical markets: the United States of America and Argentina. It has exploration assets in Paraguay, Argentina, the United States of America and Australia.
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