Kelt Exploration Ltd (KEL) Given New C$8.00 Price Target at Raymond James Financial Inc.
Kelt Exploration Ltd (TSE:KEL) had its price target raised by equities researchers at Raymond James Financial Inc. from C$6.50 to C$8.00 in a report released on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s target price points to a potential upside of 30.51% from the company’s current price.
KEL has been the subject of several other reports. Desjardins set a C$6.50 price objective on Kelt Exploration in a research report on Tuesday, June 28th. Royal Bank Of Canada lifted their price objective on Kelt Exploration from C$5.00 to C$6.00 in a research report on Friday, August 12th. Scotiabank restated an “outperform” rating and set a C$8.00 price objective on shares of Kelt Exploration in a research report on Thursday, August 11th. RBC Capital Markets lifted their price objective on Kelt Exploration from C$5.00 to C$6.00 in a research report on Thursday, August 11th. Finally, Dundee Securities lifted their price objective on Kelt Exploration from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$6.34.
Kelt Exploration (TSE:KEL) remained flat at $6.13 on Wednesday. The company’s stock had a trading volume of 1,032,639 shares. The company’s market capitalization is $1.07 billion. Kelt Exploration has a 52-week low of $2.51 and a 52-week high of $6.56. The stock has a 50 day moving average price of $5.47 and a 200 day moving average price of $4.75.
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About Kelt Exploration
Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta.
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