Kelt Exploration Ltd (KEL) Price Target Increased to C$7.00 by Analysts at Royal Bank Of Canada
Kelt Exploration Ltd (TSE:KEL) had its target price raised by analysts at Royal Bank Of Canada from C$6.00 to C$7.00 in a report issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price points to a potential upside of 11.29% from the stock’s previous close.
Other analysts have also issued research reports about the company. Desjardins set a C$6.50 target price on Kelt Exploration in a research note on Tuesday, June 28th. Scotiabank reaffirmed an “outperform” rating and issued a C$8.00 target price on shares of Kelt Exploration in a research note on Thursday, August 11th. RBC Capital Markets upped their target price on Kelt Exploration from C$5.00 to C$6.00 in a research note on Thursday, August 11th. Raymond James Financial Inc. upped their target price on Kelt Exploration from C$6.50 to C$8.00 in a research note on Wednesday. Finally, Dundee Securities upped their target price on Kelt Exploration from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Kelt Exploration has an average rating of “Buy” and an average price target of C$6.48.
Kelt Exploration (TSE:KEL) traded up 3.97% during trading on Thursday, hitting $6.29. 1,585,954 shares of the company traded hands. The company’s market capitalization is $1.10 billion. Kelt Exploration has a 12-month low of $2.51 and a 12-month high of $6.56. The stock has a 50 day moving average price of $5.49 and a 200 day moving average price of $4.76.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/kelt-exploration-ltd-kel-price-target-increased-to-c7-00-by-analysts-at-royal-bank-of-canada.html
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.
Receive News & Ratings for Kelt Exploration Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelt Exploration Ltd and related companies with MarketBeat.com's FREE daily email newsletter.