GMP Securities Raises Cabot Energy (CAB) Price Target to GBX 10

Cabot Energy (LON:CAB) had its target price hoisted by equities researchers at GMP Securities from GBX 8 ($0.11) to GBX 10 ($0.14) in a report issued on Wednesday. The brokerage currently has a “speculative buy” rating on the stock. GMP Securities’ target price points to a potential upside of 132.56% from the company’s current price.

Cabot Energy (LON CAB) remained flat at $GBX 4.30 ($0.06) during mid-day trading on Wednesday. The company’s stock had a trading volume of 45,327 shares, compared to its average volume of 67,007. Cabot Energy has a 1 year low of GBX 3.38 ($0.05) and a 1 year high of GBX 6 ($0.08). The company has a market cap of $27.19 and a price-to-earnings ratio of 215.00.

In related news, insider Nicholas Talbot Morgan purchased 111,029 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was acquired at an average price of GBX 5 ($0.07) per share, for a total transaction of £5,551.45 ($7,669.87).

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About Cabot Energy

Cabot Energy Plc, formerly Northern Petroleum Plc, is an oil and gas exploration, and production company. The Company is engaged in the exploration, appraisal, development and production of oil and gas assets. Its geographical segments are Canada, Italy, French Guiana, the United Kingdom and others, including Australia.

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