Canaccord Genuity Trims Hurricane Energy PLC (HUR) Target Price to GBX 85
Hurricane Energy PLC (LON:HUR) had its price target lowered by analysts at Canaccord Genuity from GBX 100 ($1.30) to GBX 85 ($1.11) in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 64.25% from the company’s current price.
Several other equities research analysts also recently weighed in on HUR. FinnCap reaffirmed a “buy” rating and issued a GBX 91 ($1.18) target price on shares of Hurricane Energy PLC in a research report on Friday, February 17th. Macquarie decreased their target price on Hurricane Energy PLC from GBX 90 ($1.17) to GBX 89 ($1.16) and set an “outperform” rating for the company in a research report on Friday, February 3rd.
Shares of Hurricane Energy PLC (LON:HUR) opened at 51.75 on Wednesday. The firm has a 50-day moving average price of GBX 57.31 and a 200-day moving average price of GBX 50.06. The firm’s market cap is GBX 378.07 million. Hurricane Energy PLC has a 52-week low of GBX 14.80 and a 52-week high of GBX 67.90.
Hurricane Energy PLC Company Profile
Hurricane Energy plc is engaged in the exploration of oil and gas reserves principally on the United Kingdom Continental Shelf. The Company’s acreage is on the United Kingdom Continental Shelf, West of Shetland, on which the Company has approximately two basement reservoir discoveries, each containing approximately 200 million barrels of oil equivalent (MMboe).
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