President Energy PLC (LON:PPC) had its price target dropped by research analysts at Peel Hunt from GBX 12 ($0.16) to GBX 10 ($0.13) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target indicates a potential upside of 50.94% from the stock’s current price.

President Energy PLC (LON:PPC) traded up 4.003% during midday trading on Wednesday, reaching GBX 6.625. 575,954 shares of the company traded hands. The company has a 50 day moving average price of GBX 7.15 and a 200-day moving average price of GBX 6.67. The stock’s market capitalization is GBX 31.25 million. President Energy PLC has a one year low of GBX 5.42 and a one year high of GBX 14.72.

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About President Energy PLC

President Energy PLC is engaged in the exploration for and the evaluation and production of oil and gas. Its segment includes the exploration and production of hydrocarbons. The Company has oil and gas production in two geographical markets: the United States and Argentina. It has exploration assets in Paraguay, Argentina, the United States and Australia.

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