Gulf Keystone Petroleum (LON:GKP) Given New GBX 240 Price Target at Canaccord Genuity Group

Gulf Keystone Petroleum (LON:GKP) had its price target trimmed by Canaccord Genuity Group from GBX 250 to GBX 240 in a report published on Friday, Marketbeat reports. The brokerage currently has a speculative buy rating on the oil production company’s stock.

Separately, Peel Hunt upped their price objective on shares of Gulf Keystone Petroleum from GBX 247 to GBX 264 and gave the company a “buy” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 252.

Gulf Keystone Petroleum Stock Performance

Shares of LON:GKP opened at GBX 179.66 on Friday. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of GBX 175.73 and a two-hundred day simple moving average of GBX 179.02. The stock has a market capitalization of £389.50 million, a P/E ratio of -472.78, a PEG ratio of 0.06 and a beta of 1.22. Gulf Keystone Petroleum has a 52 week low of GBX 143.15 and a 52 week high of GBX 226.35.

About Gulf Keystone Petroleum

Gulf Keystone Petroleum Limited engages in oil and gas exploration, development, and production in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services. The company was incorporated in 2001 and is based in Hamilton, Bermuda.