Royal Bank Of Canada Raises Kelt Exploration Ltd (KEL) Price Target to C$7.00
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 note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target indicates a potential upside of 11.29% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. RBC Capital Markets boosted their price objective on shares of Kelt Exploration from C$6.00 to C$7.00 in a research note on Thursday. Desjardins set a C$6.50 price objective on shares of Kelt Exploration in a research note on Tuesday, June 28th. Scotiabank reissued an “outperform” rating and set a C$8.00 price objective on shares of Kelt Exploration in a research note on Thursday, August 11th. Dundee Securities boosted their price objective on shares of Kelt Exploration from C$6.50 to C$7.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, TD Securities boosted their price objective on shares of Kelt Exploration from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$6.48.
Kelt Exploration (TSE:KEL) traded up 3.97% during mid-day trading on Thursday, reaching $6.29. The company’s stock had a trading volume of 1,585,954 shares. The stock’s 50 day moving average price is $5.49 and its 200 day moving average price is $4.76. The stock’s market capitalization is $1.10 billion. Kelt Exploration has a 1-year low of $2.51 and a 1-year high of $6.56.
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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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